Wednesday, 18 December 2013
Despite some recent bans dropping the price of Bitcoin, I believe it is still a market to watch. I think that a Bitcoin (and similar cryptocurrencies) are more useful as a money/value transfer system than simply as a currency. The weak points tend to be the exchanges and perhaps size of the blockchain, but I believe future currencies can learn from this. Even Bitcoin can be modified based on code from other implementations. I am interested in observing this new class of commodities over the long term, for it will be a wild ride.