Why Charles Stross Doesn't Know a Thing about Bitcoin

buddha379 writes: Over the holidays Slashdot ran a story from SF author Charles Stross called “Why I Want Bitcoin to Die in a Fire” just as Bitcoin's price collapsed on news of the Chinese government’s cautious approach to the fledgling internet currency. Well known economist Paul Krugman quoted the piece in a NY Times blog post called Bitcoin is Evil. Now with U.S. regulators reaffirming their hands off approach, U.S. companies embracing it and prices surging again, Bitcoin Magazine returns with a rebuttal called “Why Charles Stross Doesn’t Know a Thing about Bitcoin.” The article notes that like many other popular pieces Stross' story seems to “completely miss the point on why Bitcoin is a revolutionary concept.”