[2014-02-15] Bitcoin: It’s the platform, not the currency, stupid!

[LiteCoinGuy]

Bitcoin: It’s the platform, not the currency, stupid!

http://thenextweb.com/insider/2014/02/15/bitcoin-platform-currency/?awesm=tnw.to_r1OMP

[guybrushthreepwood]

Economists have warned of the above scenario several times. No central authority backs this virtual currency. Investing in bitcoin is equivalent to pure speculation. It’s the new Tulip-mania. Money can therefore disappear like snow in the sun.

Uggh. My Bitcoin's are still there and are worth the exact same amount of Bitcoins as they've always been.

[odolvlobo]

Economists have warned of the above scenario several times. No central authority backs this virtual currency. Investing in bitcoin is equivalent to pure speculation. It’s the new Tulip-mania. Money can therefore disappear like snow in the sun.

Uggh. My Bitcoin's are still there and are worth the exact same amount of Bitcoins as they've always been.

It is odd that the article starts out with the typical FUD, because the rest of the article is completely different. My guess is that the FUD is there to entice skeptics into reading more.

[hilariousandco]

Economists have warned of the above scenario several times. No central authority backs this virtual currency. Investing in bitcoin is equivalent to pure speculation. It’s the new Tulip-mania. Money can therefore disappear like snow in the sun.

Uggh. My Bitcoin's are still there and are worth the exact same amount of Bitcoins as they've always been.

It is odd that the article starts out with the typical FUD, because the rest of the article is completely different. My guess is that the FUD is there to entice skeptics into reading more.

Ha, yeah, I almost stopped reading at that point. Article completely flips.

[creekbore]

That's a great read and should be made compulsory on sign up here!

[guybrushthreepwood]

Economists have warned of the above scenario several times. No central authority backs this virtual currency. Investing in bitcoin is equivalent to pure speculation. It’s the new Tulip-mania. Money can therefore disappear like snow in the sun.

Uggh. My Bitcoin's are still there and are worth the exact same amount of Bitcoins as they've always been.

It is odd that the article starts out with the typical FUD, because the rest of the article is completely different. My guess is that the FUD is there to entice skeptics into reading more.

Ha, yeah, I almost stopped reading at that point. Article completely flips.

Oh the rest of the article is pretty good. I stopped reading after the typical cliche crap lol

[shaobao88]

There are some more reasons why this new technology is going to disrupt our economy and society as we have never experienced before