2013-09-10 As Bitcoin hype settles down, real possibilities start to emerge

[ganabb]

http://gigaom.com/2013/09/10/as-bitcoin-hype-settles-down-real-possibilities-start-to-emerge/

“It’s the difference between a bank robbery and being able to counterfeit currency. The former is a function of the bank … and the latter, actually being able to do significant double spending, has not happened.”

[aigeezer]

I was gritting my teeth at the author's airhead style of writing  about the SF TechCrunch Disrupt sessions when, fortunately, this quotation appeared:

"Ravikant: Regulation and governments pose a potential risk, but the biggest risk comes from the adoption curve

“How long will it take to adopt? Because the network effect, the tipping point, the established entrenched dogma of how money is supposed to work is very strong. That tipping point could be two years out it could be 20 years out it could be 200 years out. That’s the hard part.”"

That was meaty enough to make this read worthwhile (I guess), but I hope we see lots of serious detailed press coverage soon from the SF events.

The TechCrunch site itself offers some detail: http://techcrunch.com/2013/09/10/disrupt-sf-13-bitcoin-panel/

Off-topic, but highly relevant, a PayPal spokesperson at TechCrunch defended NSA snooping:

http://techcrunch.com/2013/09/10/nsa-evil/

Wowsers!