Sunday, December 15, 2013

Why Bitcoin Will Never Be a Currency—in 2 Charts - Matthew O'Brien - The Atlantic

Wow, what a load of crap, misinformation, and weasel words.

Crapbytes:
"though this time central banks have at least kept prices from falling, just barely"
"there's actually a currency designed to create these kind of economic calamities"
"the virtual currency you can theoretically use to buy things online"
"bitcoins that will only grow at a low rate until 2040—and then stop"
"As point of comparison"
" it doesn't hurt the real economy"
"It's hard to see any pattern here"
"Bitcoin won't work as a currency as long as it's so deflationary"
"The only reason would be to buy or do things online that you can't buy or do something illegal."
"What Bitcoin really needs is a central bank to stabilize its value"
"they want Bitcoin to be a Ponzi scheme"
"it's just a dotcom stock"

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