With euro zone melting down, bitcoin replacing hard currency for some

Re:With euro zone melting down, bitcoin replacing hard curre... by mrb on Tuesday June 12, 2012 @03:14PM (#4102215)

I don't understand why the article says Bitcoin is still alive "against all odds". Why would the June 2011 speculation bubble kill Bitcoin? It is like saying the dot-com bubble should have "killed Internet entrepreneurship".

There is a core group of users who understand Bitcoin's technical merits and cryptographically sound design. This group is growing every day, and certainly not loosing interest in Bitcoin. So short of a major design flaw, Bitcoin should continue to survive and grow.

All the price bubble did was to kill greedy speculators, not Bitcoin.

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Re:With euro zone melting down, bitcoin replacing hard curre... by sfnuop on Tuesday June 12, 2012 @03:34PM (#4102318)

I tend to agree with you but it's fair to say there were a lot of prominent voices out there predicting its demise -- for more reasons than just the bubble, like security issues or looming government regulation (if that was ever even really feasible.)

But you do have a point, the tone is rather skeptical. ;]

Again, I find Bitcoin super intriguing. I think the buzz from Wall Street/prop desks is telling. Bitcoin's going mainstream.

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Re:With euro zone melting down, bitcoin replacing hard curre... by mrb on Wednesday June 13, 2012 @12:51AM (#4104377)

All the opinion pieces predicting its demise were written by authors who, to me, obviously did not grab the concept and strength of Bitcoin's design... They were all easily debunkable.

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