Slashdot is powered by your submissions, so send in your scoop

 



Forgot your password?
typodupeerror

+ - The Problem with Bitcoin->

Submitted by waderoush
waderoush writes: In a critique of Bitcoin, innovation journalism scholar David Nordfors argues that the peer-to-peer cryptocurrency is a commodity, rather than a true currency, and that the wild, speculation-driven fluctuations in Bitcoin's value against government-backed currencies make it useless as a practical means of exchange. 'Bitcoin might be a robust technology. But the Bitcoin market is crazy,' writes Nordfors, who compares the run-up in Bitcoin's value to the Dutch tulip mania of the 1600s. 'Let’s treat Bitcoin as what it is—an impressive technology, a financial experiment, a social phenomenon, but hardly the basis for a new digital economy.'
Link to Original Source
This discussion was created for logged-in users only, but now has been archived. No new comments can be posted.

The Problem with Bitcoin

Comments Filter:

"For the man who has everything... Penicillin." -- F. Borquin

Working...