I am no economist.
I have never been a gold bug.
No matter how bad you think government is today, they have been worse. I watched Ben Hur.
When Michael Lazerow and I were first discussing Buddy Media in 2007, his first product idea was facebook money…’Ace Bucks’. That’s NOT what Salesforce bought.
My good pal Yoni at Etoro who I think is way ahead of the curve on these things is a super bull on the idea of bitcoins. Yoni is the founder of Etoro (I am an investor).
A ‘bitcoin’ is a decentralized and digital currency.
You can make fun of it but it feels like it is here to stay this time.
Bitcoins have had two crashes to date, the first one slowly taking it’s value down 80 plus percent (a few years ago) and yesterday there was a bitcoin flash crash (the coins are back near all-time highs).
I would rather go to Mt. Gox, than Detroit! As Stocktwits grows, I will make that our second home.
The Bitcoin or something like it is now here to stay. Trust has truly jumped the shark and combined with the cloud, our lunatic monetary global policies, mobile phones and explosion in startups and apps without business models, barter is back.
Ebay is rising, Visa is rising, Square is rising, trust is falling and the cloud and mobile are winning.
I am heading to Zillow $Z to check condo prices on Mt. Gox.