Author

Topic: 2013-07-19 In Bitcoin We Trust? - Wall Street Pit (Read 1029 times)

legendary
Activity: 1450
Merit: 1013
Cryptanalyst castrated by his government, 1952
I can't believe people are still writing this kind of articles in July 2013  Grin

Quote
In the end, however, I expect that Bitcoin will fade back into the shadows of the black market. Those who want a regulated, secure currency that they can use for legitimate business transactions will pick from one of the many currencies already sponsored by a national government equipped with ample resources, a real-world economy and far more transparency and security than the Bitcoin world can offer.
After the Bitcoin bubble bursts, we won’t even be able to use the leftover coins for jewelry.

http://wallstreetpit.com/100662-in-bitcoin-we-trust/

I imagine we can expect a ton of pro-fiat FUD from those who make their living from fiat arcana (as that author does).

http://www.palisadeshudson.com/about-team/larry-elkin/

Either he is right or he is wrong. Let's fish his article out again in a year or five.       Smiley
full member
Activity: 126
Merit: 100
You forgot to post the article or a link.
Oh man, thanks for the reminder  Grin
edited.
full member
Activity: 126
Merit: 100
I can't believe people are still writing this kind of articles in July 2013  Grin

Quote
In the end, however, I expect that Bitcoin will fade back into the shadows of the black market. Those who want a regulated, secure currency that they can use for legitimate business transactions will pick from one of the many currencies already sponsored by a national government equipped with ample resources, a real-world economy and far more transparency and security than the Bitcoin world can offer.
After the Bitcoin bubble bursts, we won’t even be able to use the leftover coins for jewelry.

http://wallstreetpit.com/100662-in-bitcoin-we-trust/
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