Monday, June 6, 2011

Bitcoin as scam

This is an interesting analysis of the BitCoin system.  Looks at the ecconomic fundamentals and identifies the weaknesses that undermine BitCoin as an old school "currency".  The question is if BitCoin is an old school currency?  Do the same rules apply?  Are the weaknesses really valid for a system that spans nations and avoids many of the assumptions that rule old school currency markets?

I am not claiming BitCoin is anything. Just asking some interesting questions.

No comments:

Post a Comment