Want to read Slashdot from your mobile device? Point it at m.slashdot.org and keep reading!

 



Forgot your password?
typodupeerror
Check out the new SourceForge HTML5 internet speed test! No Flash necessary and runs on all devices. ×

Submission + - The Problem with Bitcoin (xconomy.com)

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.'
This discussion was created for logged-in users only, but now has been archived.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:

I have the simplest tastes. I am always satisfied with the best. -- Oscar Wilde

Working...