11 Aug '13, 4pm

Bitcoin architect demystifies the digital currency

I think Bitcoin will be an answer. I still tell people, only invest time and money into Bitcoin that you can afford to lose. It is in early adopter stage. I would still consider it a high-risk investment, if you want to think of it as an investment. It could be really huge. I think there is no theoretical reason why Bitcoin couldn't grow as large as some of the major national currencies. There is really no technical reason why it couldn't and no theoretical reason why it couldn't. There is a huge network effect with money. The more people using a means of exchange, the more valuable it becomes to use that thing as a means of exchange. That is why gold is king, and not platinum or silver. There has been a huge network of people finding gold to be a great stored value, and in certain situations, a means of exchange. Bitcoin has a huge head start on any other alternative. We ...

Full article: http://www.businessinsider.com/bitcoin-architect-explains...

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