Posts Tagged ‘Bitcoin’

Bitcoin epic fails

January 4, 2014

Bitcoin, or more generally cryptocurrencies  is  a somewhat complex subject in that it connects technology, economics and law. But it is kind of fashionable now, so some famous people decide to publicly formulate opinions about it without devoting time and effort to gain knowledge about how the technology actually works. As one commenter on the Marginal Revolution site nicely put it:

The situation has all the makings of your standard paradigm shift, where pundits with less neurological plasticity give future history books lots of look-how-wrong-they-were quotes.
I would like to mention two examples of such epic fails.