Let's Cut Through the Bitcoin Hype: Dan Kaminsky's Take

http://www.wired.com/opinion/wp-content/uploads/2013/05/bitcoin.jpg

Bitcoin. Everybody’s talking about it. What’s true, and what’s hype? Perhaps the only thing that’s clear about Bitcoin is that it’s not going away anytime soon. Who am I to say? I’m not an economist; I’m a hacker, who has spent his career exploring and repairing large networks. And networks may very well be how the world works — financial, social, electronic, even physical.

I’m on neither “Team Bitcoin” nor “Team Global Financial System.” I’m on “Team Lets Fix This Thing.”

I’ll be blunt: Money’s gotten buggy. People who don’t realize this might be in high finance — indeed, we’ve gotten very good at moving the revenues of entire generations within a precise number of femtoseconds — but what if you’re just trying to buy a smoothie?