09 Dec '13, 10pm

Are Bitcoin believers the new Apple fanboys?

Michael, I think your focus is in the wrong place. Bitcoin solves real world problems for retailers, and those without access to banking (the majority of the world population). It's an open source protocol on which other products are built. Bitcoin itself may not be THE cryptocurrency that wins, but the general consensus amongst anyone that has done their research is that cryptocurrency is here to stay. In addition to fanatics you will find a list of prominent entrepreneurs, economists, politicians and investment bankers who have invested in bitcoin. The indirect comparison to Apple is poor. Apple offers a limited number of products, and has in-house product development. Bitcoin is an open source protocol, on which any business or person can build products. A more apt comparison may be to early adopters of the Internet Protocol (IP).

Full article: http://www.latimes.com/business/hiltzik/la-fi-mh-bitcoin-...

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