[Cryptography] On Security Architecture, The Panopticon, And "The Law"

[James A. Donald]

On 2013-12-27 18:25, ianG wrote:
> Ponzis, pyramids and bubbles generally offer a better rate of return
> than is natural.  They feed on this 'great rate of return' by using
> their customers to bring in more customers, which in the long run
> creates the great rate of return.
>
> They cannot go for ever up or even continue in operations.  The limit is
> how many new customers can come in to pump up the value of the insiders,
> which is something that can be estimated.
>
> Bitcoin matches all these core requirements.  As a symptom, also, there
> is often unrealistic hype surrounding these things.

Money is a bubble that never pops.

People who invest in gold or bitcoin are taking out insurance against 
the equally worthless US dollar.