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I don't understand why the article says Bitcoin is still alive "against all odds". Why would the June 2011 speculation bubble kill Bitcoin? It is like saying th
by mrb 14y ago
I don't understand why the article says Bitcoin is still alive "against all odds". Why would the June 2011 speculation bubble kill Bitcoin? It is like saying the dot-com bubble should have "killed Internet entrepreneurship".
There is a core group of users who understand Bitcoin's technical merits and cryptographically sound design. This group is growing every day, and certainly not loosing interest in Bitcoin. So short of a major design flaw, Bitcoin should continue to survive and grow.
All the price bubble did was to kill greedy speculators, not Bitcoin.
- sfnuop 14y agoI tend to agree with you but it's fair to say there were a lot of prominent voices out there predicting its demise -- for more reasons than just the bubble, like security issues or looming government regulation (if that was ever even really feasible.) But you do have a point, the tone is rather skeptical. ;] Again, I find Bitcoin super intriguing. I think the buzz from Wall Street/prop desks is telling. Bitcoin's going mainstream.
- mrb 14y agoAll the opinion pieces predicting its demise were written by authors who, to me, obviously did not grab the concept and strength of Bitcoin's design... They were all easily debunkable.