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The bursting of the Bitcoin bubble

51 pointsby arihelgasonover 13 years ago

5 comments

mcantelonover 13 years ago
Bitcoin it ahead of its time. Bitcoin is has a lot of potential uses and these uses haven't gone away because a bubble burst.
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ww520over 13 years ago
Just a wild thought. Is there a way to associate an email with a future-created bitcoin account? The goal is to be able to send bitcoins easily to an email address even though the recipient has not created a bitcoin account. The recipient can create an account later on to pick up the bitcoins. This would make it easier to seed wider usage of bitcoins. That's how Paypal started.<p>I guess this requires a trusted central third party as an eschew to hold the fund for the email recipent and for verifying the recipent's account via email.
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Tichyover 13 years ago
I was about to sell my remaining bitcoins this morning when I realized: wait a minute, I don't even know how long the Euro will continue to exist (living in Euro country). As much as it pains me, because probably the price will fall even further, I'll keep some BTC around just in case...<p>On the other hand I suppose the existence of Silk Road is not sufficient to drive prices up, because most vendors will just convert their BTC to dollars again immediately.
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Lexariusover 13 years ago
I did a little mining while it was profitable, but running the air conditioning to keep the GPUs from melting cannibalized most of it during the summer. I'll have to check back once things cool down a bit more - perhaps a drop in difficulty could make "free" heating for my apartment viable again. Not holding my breath, though.
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hippichover 13 years ago
Overall, reading comments on the economist site I now understand how public perception of bitcoin technology is wrong.
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