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.'
The world is moving so fast these days that the man who says it can't be
done is generally interrupted by someone doing it.
-- E. Hubbard