Bitcoins in the Mainstream Media
Interesting article from the New Yorker.
I’m often asked what I think about bitcoins. I haven’t analyzed the security, but what I have seen looks good. The real issues are economic and political, and I don’t have the expertise to have an opinion on that.
By the way, here’s a recent criticism of bitcoins.
EDITED TO ADD (4/12): Four more good links.
EDITED TO ADD (4/16): Another good bitcoin story, although it’s from 2011.
Woo • April 9, 2013 6:29 AM
The crypto-math side is probably the only thing that works good for bitcoin… the economic side is a rather big fail.
To replace a national currency because it is controlled by one big entity (the national bank) by another currency which is mainly controlled by one big entity (mtgox) and calling it “free” is.. facepaw-worthy. Add in complete lack of understanding of in-/deflationary effects and a bit of hype, and you end up with the current state of the Bitcoin, a weakly disguised pyramid scheme.