A few months ago, while visiting a hacker friend's magnificent new San Francisco loft, he gestured to a little alcove stuffed with server racks and said: "And over there are the Bitcoin mines." I smiled and nodded, thinking,
Oh, right, Bitcoin. Is that still a thing? Andy, if you're reading this, I apologize. Is it ever, and how. Over the last few weeks the hype around everyone's favorite distributed cryptographic currency has gone
insane. It's
a Ponzi scheme; no, it's the first instance of the
third era of currency; no, it will
spiral up and down forever; no, it's
the new venture-capital frontier; no, it's an
existential threat to the modern state. No, possibly, conceivably, maybe, and no. But: I realized this week that Bitcoin actually
is a really big deal -- in a way that's been almost entirely obscured by all the hype.
Source: http://feedproxy.google.com/~r/Techcrunch/~3/RSk6cKxXP1o/
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