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paulkienitz

paulkienitz's Journal
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paulkienitz's Journal
October 8, 2014

all that can be done with bitcoin is, in the end, to speculate

It has no inherent value. This, combined with its scarcity and hype, make it an almost perfectly engineered medium for producing speculative bubbles.

Posted Wed Oct 8, 2014, 11:27 AM in Main » General Discussion (1 replies)

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Gender: Male
Hometown: Bay Area, California
Member since: 2002
Number of posts: 1,393

About paulkienitz

Retired software engineer who thinks a lot about the future. https://paulkienitz.net/future/
Latest Discussions»paulkienitz's Journal
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