[Cryptography] Btcoin -- bubble or investment opportunity?

[Peter Gutmann]

Phillip Hallam-Baker <hallam at gmail.com> writes:

>My take "BitCoin is Stupid" http://www.youtube.com/watch?v=dW8Mn2FaxNY

tl;dw :-).

>But more importantly, currencies are a medium of exchange and I see no
>evidence that is happening with BitCoin except on a proof of concept basis or
>buying drugs. And why would anyone spend a BitCoin when they believe it will
>be worth a million dollars in a few years time??

I've heard it described as a science experiment that got out of hand, which I
think is pretty accurate.

Peter.