02 Sep '12, 1am

P2P Foundation » How Bitcoin will enable a low-overhead p2p economy

Bitcoin’s importance can’t be exaggerated. Encrypted currency has been at the Altair stage of development. If Bitcoin isn’t actually the Apple II – and it may not be – we’re very close to it. If Bitcoin isn’t the Messiah of the darknet economy, at the very least it’s John the Baptist preaching its immanent arrival. Excerpted from Kevin Carson : “Despite my reservations, I consider Bitcoin to be grounds for enormous excitement. Pirate Party founder Rick Falkvinge calls it “the Napster of Banking” (May 11, 2011). As Falkvinge argued, it’s usually not the most feature-rich version of a new technology that achieves the critical mass needed for popular acceptance. Rather, it’s the most user-friendly. “…It takes about ten years from conception of a technology, or an application of technology, until somebody hits the magic recipe in how to make that technology easy enough to use ...

Full article: http://blog.p2pfoundation.net/how-bitcoin-will-enable-a-l...

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