1/ I follow Bitcoin like some people follow Nascar crashes. Some quick thoughts in tweetstorm format:
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5/ The entire market cap of Bitcoin as of 4/1/2015 is a fee paid to someone for work already done between 2009 and 4/1/2015.
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6/ Most advantages of Bitcoin which matter are captured by, and improved upon by, a LAMP app which simply holds account balances.
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@patio11 Is that before or after you factor in the cost of all the developer wankery surrounding it?Thanks. Twitter will use this to make your timeline better. UndoUndo
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@patio11 do you have any idea how much the financial system costs per transaction? I say it's worth it.Thanks. Twitter will use this to make your timeline better. UndoUndo
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