18 comments...where have all the naysayers gone.
You snooze you lose!
Why Bitcoin Matters [NY Times]
"The coming years will be a period of great drama and excitement revolving around this new technology.
For example, some prominent economists are deeply skeptical of Bitcoin, even though Ben S. Bernanke, formerly Federal Reserve chairman, recently wrote that digital currencies like Bitcoin “may hold long-term promise, particularly if they promote a faster, more secure and more efficient payment system.” And in 1999, the legendary economist Milton Friedman said: “One thing that’s missing but will soon be developed is a reliable e-cash, a method whereby on the Internet you can transfer funds from A to B without A knowing B or B knowing A – the way I can take a $20 bill and hand it over to you, and you may get that without knowing who I am.”
Economists who attack Bitcoin today might be correct, but I’m with Ben and Milton."