I’m open-minded about Bitcoin and digital currencies in general. Which is to say I want 10 million people to use it for 10 years before I consider it a store of value.
Events like Paris Bitcoin Startups On Wednesday 16th April reinforce my attentisme or ‘wait-and-see’ policy.
On the one hand, if the digital currency can overcome French bureaucratic hostility and prosper there, that speeds up my adoption date.
On the other hand, it looks a lot like venture capitalists playing with ‘out-of-the-box’ business ideas. Exciting, but not safe. For now, gold wins.
The key test for BC is not in Europe – it is in China.
Developments in China have not been positive for BC recently – but it is still too soon to judge matters.
This is one area I agree with my old foes the Economist magazine.