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Topic: 2013-05-14 CNN Money: Strategist predicts end of Bitcoin - page 2. (Read 2626 times)

donator
Activity: 994
Merit: 1000
Considering he's comparing Bitcoin to Frequent Flyer miles and Amazon Coins, I don't think he knows what he's talking about.
Exactly.

Also people keep confusing currency with money [http://goldsilver.com/hidden-secrets-money/currency-money/].
USD is currency, bitcoin is money.
hero member
Activity: 518
Merit: 500
Boy have I read some ill-informed, idiotic articles in the last few months, but Jeez Luiz, this one is really hard to beat e.g:

"People can buy things with Amex points. That's a real kind of currency that's created by American Express to allow them to have a greater piece of consumption that they otherwise wouldn't get," said Bremmer."

wtf? Reminds me of an analyst on a financial TV channel about 10 years ago, saying that "cameras in phones would be a niche market"  Grin

What is with analysts and technology? Isn't it their job to get to grip with new stuff? They should all retire if they can't be bothered to embrace the future.
member
Activity: 70
Merit: 10
Considering he's comparing Bitcoin to Frequent Flyer miles and Amazon Coins, I don't think he knows what he's talking about.

However, I will admit that a better cryptocurrency could come out, but the only way it would would replace bitcoin is if it was a massive improvement. Otherwise, Bitcoin will stay on top for no other reason than people know about it and it is a proven concept.
hero member
Activity: 588
Merit: 500
Quote
"I would be very surprised if Bitcoin is still around in 10 years," said Bremmer, the founder and CEO of Eurasia Group, the world's largest risk consulting firm. He thinks that bigger players will enter the field and improve upon Bitcoin's weaknesses.

http://money.cnn.com/2013/05/14/investing/bremmer-bitcoin/index.html

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