2013-06-17 Debating Bitcoin: Will the Cryptocurrency's Merits Be Its Undoing?

[lewisg]

http://www.businessweek.com/articles/2013-06-19/debating-bitcoin-will-the-cryptocurrencys-merits-be-its-undoing

When it comes to the merits of Bitcoin, even the tech community is still on the fence. Coming into a debate about the decentralized digital currency at Bloomberg’s Next Big Thing Summit on Tuesday, an audience poll found 60 percent of attendees predicted the virtual currency—priced at $105 during the session—wouldn’t be worth $500 in five years. By the time Ribbit Capital founder Micky Malka and Jim Rickards of Tangent Capital were done speaking 25 minutes later, however, about the same percentage felt that Bitcoin would exceed $500 in that time.

[Gabi]

Basically: they have no idea what they are speaking about 

[chriswilmer]

Oh cool, so Malka "won" the debate... the audience became more bullish... that's great!