Quote
BITCOIN’S IMMINENT ARRIVAL
Ross Schulman
2012-09-05
http://www.project-disco.org/competition/bitcoins-imminent-arrival/
A couple weeks ago I pointed to the disruptive potential of Bitcoin, a currency and value exchange that used peer-to-peer and cryptographic technologies to disrupt the currency and payment marketplaces. At the time I was left wondering how you might be able to tell when something like Bitcoin had “arrived.”
...
Finally, it must be that a new currency on the block has arrived when some are engaged in what appears from the outside to be a Ponzi scheme denominated in it.
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Ross Schulman
2012-09-05
http://www.project-disco.org/competition/bitcoins-imminent-arrival/
A couple weeks ago I pointed to the disruptive potential of Bitcoin, a currency and value exchange that used peer-to-peer and cryptographic technologies to disrupt the currency and payment marketplaces. At the time I was left wondering how you might be able to tell when something like Bitcoin had “arrived.”
...
Finally, it must be that a new currency on the block has arrived when some are engaged in what appears from the outside to be a Ponzi scheme denominated in it.
...