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Author Topic: Is the Bitcoin currency an underdog?  (Read 733 times)
weex
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May 17, 2012, 06:39:32 PM
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This question was triggered by hearing the very entertaining podcast below. In it they explore why people root for the underdog 80% of the time and the others root for the expected winner.

http://www.radiolab.org/2011/aug/23/winning-side/

Can Bitcoin be seen as an underdog? Or do you view it as the long-term winner over established national currencies (i.e. it'll just be a matter of time)? Your perspective has an impact on how you might support Bitcoin so think about it!

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May 17, 2012, 08:03:35 PM
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I personally think of Bitcoin as a completely guerrilla currency because I strongly suspect that if/when it gains any significant traction, that will be the role it is forced into like it or not.  I anticipate that the forces which aligned against Bitcoin if/when the shooting starts will render Bitcoin a significant underdog, but the strengths that it possesses do not preclude a favorable outcome and it could win some notable skirmishes or pitched battles from time to time.


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