Bitcoin is a asymmetric bet[1], your cost of buying is known (price you pay relative to local currency when you purchase BTC), and it will either go to 0 or cou

Bitcoin is a asymmetric bet[1], your cost of buying is known (price you pay relative to local currency when you purchase BTC), and it will either go to 0 or could return x100 or x1000 in the longer term. It's somewhat analogous to spotting the subprime mortgage madness early prior to 2007 and placing asymmetrical bets via credit default swaps on mortgage backed bonds[2]. There could be a fatal flaw uncovered with Bitcoin making it go to zero, Satoshi Nakamoto's true motives could be revealed to be sinister etc., or it could become a major commodity/currency for much of the world's population so the current price is dirt cheap. That's what makes it so intriguing. I personally think of Bitcoin as like Napster. Revolutionary idea, scared the establishment shitless, but was ultimately crushed. However, P2P file sharing exploded in popularity afterward, and has proved impossible to stamp out since. I think whatever comes after Bitcoin will be ultra-resilient, will learn from Bitcoin's flaws, and will change how we think about economics, commerce and currencies. [1] https://news.ycombinator.com/item?id=6753060 https://news.ycombinator.com/item?id=6753060 [2] http://www.vanityfair.com/business/features/2010/04/wall-street-excerpt-201004 http://www.vanityfair.com/business/features/2010/04/wall-str...