All bitcoin has done so far is make the people with as little as $50 to spare (in 2011, 2012) into rich people. The rest of us in recession hit Europe have merely been screwed by it. I'm not saying it will crash or won't, but it's promoted more inequality than most other instruments.
and saying "the value of the bitcoin economy is $5bn" or whatever is disingenuous. Economies are measured by the FLOW of money - the gdp, not the STOCK - the total value of the money supply in a different currency. The amount of money changing hands is what matters - and afaik, that's miniscule in comparison.
and saying "the value of the bitcoin economy is $5bn" or whatever is disingenuous. Economies are measured by the FLOW of money - the gdp, not the STOCK - the total value of the money supply in a different currency. The amount of money changing hands is what matters - and afaik, that's miniscule in comparison.