Notes of Note from John F. Ince

Everybody needs to calm down about BitCoin.  There has been an explosion in the virtual currency’s price in the last few months.  Below is the 6 Month price graph as of  the USD :: BTC conversion rate.  Not featured on this chart are the years 2009 through 2011, on which you would see two more orders of magnitude growth at the very least.   Phenomena like this don’t come along that often; charts like these forge millionaires and financial legends.  As appealing as the fantasy is, we have not yet seen how this particular instance of virtual currency will pan out.  Which is why everybody needs to calm themselves.  Virtual currencies (vTC) are not a new thing; far from it.  There are quite a lot of them out there, just as there have been many incarnations of the mobile phone, the social networking site, the blogging platform, and almost any other technological advancement that has ever happened.

via Will BitCoin be a “Facebook” or a “Myspace”? Either way, it’s a revolution. – Forbes.


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