Bitcoin analysis

Links of interest

• original bitcoin whitepaper by nakamoto satoshi
• Bitcoin is none of the things it was supposed to be

Thoughts

• original intention of bitcoin is to have decentralized currency, peer-to-peer trading with no middle-man (no friction).
• right now most people just own it for speculations, not actually using it in day-to-day life (except for the underground illegal markets)
• Additionally, there are middlemen who charge a fee on your transactions which defeats the whole purpose.
• still, Bitcoin proponents see this as just the beginning. A time will come where its value is more stable and everyone is using it just to trade, not holding it for investment. (needs checking)
• Still looking for nice fair-value analysis piece from some economists.