with bitcoin under $3 I'm not sure the 'rise and rise' spin is merited. maybe this is the 'valley of sorrow' after the 'crunch of initiation'. but without a s

with bitcoin under $3 I'm not sure the 'rise and rise' spin is merited. maybe this is the 'valley of sorrow' after the 'crunch of initiation'. but without a sounder legal basis, trustworthy, transparent governance, ability to evolve gracefully, bitcoin seems like an interesting experiment, but not very likely to be a widespread medium of exchange, stable store of value, unit of accounting.