Email of the day
Comment of the Day

April 04 2013

Commentary by Eoin Treacy

Email of the day

on bitcoins
“I see the value of Bitcoin is accelerating in a parabola. What do the collective think is the next probable event here? ”

Eoin Treacy's view Thank you for this question which may interest the Collective. Here is a link to a news item describing some of the issues with Bitcoins.

Unlike Apple which made music stores obsolete, Bitcoin is competing against governments which jealously protect their unique right to create money. Since the company is unregulated, online, opaque and has not indicated what will happen when the 21 millionth coin has been created, the number of things that could go wrong for the fledgling company greatly outweighs the allure of participating. To me at least it looks like nothing more than a fad.

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