bitcoin2To me Bitcoin is a coin that if you flip it in 2020 you will have heads worth $100K, or tails worth $0. If it’s heads, Bitcoin by then has become a serious competitor to gold and an exchange currency. If it’s worth 0, it will be either because people lost interest in the digital currency or because a better digital currency was found more suitable. The first case would be akin to what happened to buying land in Second Life, once thought a sure way to make money. The second like investing in MySpace instead of Facebook.

(Photo:  antanacoins/Flickr)

Follow Martin Varsavsky on Twitter: twitter.com/martinvars

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