Bitcoin is our Cosmo.com

I can’t find a serious economist that thinks Bitcoin is going to work.

I can find a lot of programmer-libertarians and end-of-days prepper that think it is the wave of the future. Like I said, I can’t find a serious economist that thinks it will work.

Problems are beginning and are starting to persist. Prices plunged recently.

Who knows if Bitcoin prices will go back up in the short term, and who knows how long this fad will last.

Remember Cosmo.com in the tech boom? These ideas – that end up becoming flops – define their era. At one point an economic trend goes to far.

Google Maps – good. Virtual tractors for virtual farms and virtual money not back by a government – maybe things have gone a little far….just like Cosmo.com

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