In the view of many HN members, Bitcoin is a Ponzi scheme. In the view of other HN members, Bitcoin is an experimental crypto currency, the use of which is unlikely ever to expand beyond idealistic hackers, online gamblers, and underground characters.
In my view, Bitcoin is likely to gain wide adoption worldwide over the long haul -- that is, over a period of many years or even decades. Its price is therefore bound to rise far above current levels over time.
In my view, Bitcoin is likely to gain wide adoption worldwide over the long haul -- that is, over a period of many years or even decades. Its price is therefore bound to rise far above current levels over time.
I've laid out my reasoning here: http://cs702.wordpress.com/2011/05/29/on-the-potential-adopt...