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 […]
Texting
The telco operators charge up to $.25 for a text message. The cost to the operators is a few cents at most. That huge profit margin is going to decrease. WhatsApp handles 50 billions text messages every day, which is believed to be more than all the telcos in the world handle. The first year […]
Reflections on Bitcoin
The value of Bitcoin has been volatile and recently declining. The purpose of this post is to reflect on the possible reasons and an opinion on where things are headed. My friend and former IBM colleague, Irving Wladawsky-Berger posted his reflection on Bitcoin last week. As usual, Irving did not shoot from the hip; he […]
Mint and Quicken for Bitcoin
The Coinbase Blog announced that the company formed a partnership with Mint, the 10-million user personal financial management service. This is a good move, and it caused me to think about the key factors that will determine the success of Bitcoin. There are many technical, trust-related, adoption, regulatory, and other factors that will determine the ultimate fate of […]
