Reflections on Bitcoin – 3
This week on CNBC, Warren Buffett said that Bitcoin is a joke. Once again, this reminds me of 1995 when many pundits said the World Wide Web was a joke. Needless to say, many of them had a stake in the status quo. I remain bullish about the future of Bitcoin as a transaction platform. […]
Payment – Apple – Bitcoin – PayPal
PayPal is trying to get into the payment market, and I recently read that Home Depot now accepts PayPal in their stores. I have been asking myself why I would want to pay in a store with PayPal? Today, I got the answer. After a pleasant motorcycle ride to the Palm Coast Home Depot store […]
Bank and Bitcoin Failures
There are a couple of dozen Bitcoin exchanges where you can buy or sell the BTC crypto-currency. Some exchanges provide digital wallet services so that you have a place to store your BTC. If you buy something, you can authorize the seller to take your BTC as payment. How safe are the exchanges and wallet […]
Is Bitcoin An Investment Or A Cult? – Forbes
Thanks to my friend Dave in California for telling me about Peter Cohan’s article in Forbes (see Is Bitcoin An Investment Or A Cult? – Forbes) I loved his comment that Bitcoin is a “cult that is almost completely immune to logic”. In my early days with OS/2, we had a “cult” of supporters and users […]
Reflections on Bitcoin – 2
There are a lot of news items flying around about the difficulties at Mt. Gox. Most of them are negative, and more than a few sound the deathknell for Bitcoin. I do not claim to have all the facts, but I have a more positive view based on my interpretation of the various stories. I […]
