On 29 May 2013, at 21:15, Levi Pearson <[email protected]> wrote:
> You can see here what separates a real currency like the dollar from a > "wannabe currency" commodity like the bitcoin. Without a sizable market in > real goods and services as a currency, calling bitcoin a currency and > pretending it has value like a currency does is utterly ridiculous. What > bitcoin actually is, despite its currency-like appearance, is a commodity. > And its only intrinsic value is based on anonymity and unforgeability. > Anonymity is of limited appeal, and other ways of exchanging value are > generally secure enough. So the only real thing driving the value of bitcoin > as a commodity right now is hype and speculation. Well, that's not enough for > me to buy into it. If you'd like to gamble on it, go ahead! > I decided to join others and ask Bruce for his opinion on bitcoin: http://www.schneier.com/blog/archives/2013/04/bitcoins_in_the.html /* PLUG: http://plug.org, #utah on irc.freenode.net Unsubscribe: http://plug.org/mailman/options/plug Don't fear the penguin. */
