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Yeah, the technology fascinates me as well, it's very cool. It's said that the real-world economics of it make no sense at all. The technology will survive th
by hanswesterbeek 13y ago
Yeah, the technology fascinates me as well, it's very cool.
It's said that the real-world economics of it make no sense at all. The technology will survive though, the ideas will make their way into other pieces of software.
- lukifer 13y agoEconomics is merely a form of social contract. For god's sake, humans have turned gigantic immovable rocks into currency: http://en.wikipedia.org/wiki/Rai_stones http://en.wikipedia.org/wiki/Rai_stones BitCoin will thrive (or not) based on the community that grows around the technology. While it's equally feasible that it becomes a major world currency, or that it collapses in value and held only by a handful of "crypto-enthusiasts", I don't think it will ever go away.