On Fri, May 11, 2012 at 8:24 PM, John Levine <jo...@iecc.com> wrote: >... not a problem that crypto will solve, and certainly > not a problem that virtual pet rocks (aka Bitcoin) are relevant to.
i have referred to bitcoins as digital baseball cards or pet bit rocks in the past. they are really something different: decentralized digital fiat backed by negentropy. gold equivalent? no. aurum is alluring at a visceral, direct level. bitcoin reification occurs in first world infrastructure. however, it has other unique and useful characteristics. dismiss in prejudice as you like; there is more to this story than initial impressions convey. _______________________________________________ cryptography mailing list cryptography@randombit.net http://lists.randombit.net/mailman/listinfo/cryptography
