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Showing posts from June, 2019

My take on Bitcoin

Bitcoin hype, the party that takes place when the greedy, the naive and the clueless get together. I am not saying that there isn't a place for the technology of Blockchain, there certainly is, but the pseudo-currencies sitting on it are unlikely to have a fair valuation or to be stable enough to become the currency that enables national economies. In fact, national economies are at serious peril from parallel currencies. But this post is not about a making a full review of the state of crypto currencies - that would be too ambitious. What I want to do is compile my past commentary for future reference and share it. Yes, I am a sad soul that enjoys making predictions and tracking how well they age, or not. In early 2014 I posted my first publicly shared view about Bitcoin. On the day I posted the above, Bitcoin was selling for 572 US Dollars.  On 13th Jan 2013 (BTC @ US$268) I got involved in another Bitcoin debate,  In December '17, a few days before