Tangential, but a subject of some local interest:
Why Bitcoin will fail by Avery Pennarun. "The sky isn't red." Thesis:
- The gold standard was a bad idea.
- Even if it [Bitcoin] was a good idea, governments will squash it.
- The whole technological basis (cryptosystem) is flawed.
- It doesn't work offline.
I'm not sure I buy these and am not competent to evaluate his claims on 3., but would like others' critique.
L019: Bitcoin P2P Currency: The Most Dangerous Project We've Ever Seen by Jason Calacanis. A rather more enthusiastic viewpoint of the project:
- Bitcoin is a technologically sound project.
- Bitcoin is unstoppable without end-user prosecution.
- Bitcoin is the most dangerous open-source project ever created.
- Bitcoin may be the most dangerous technological project since the internet itself.
- Bitcoin is a political statement by technological libertarians.
- Bitcoins will change the world unless governments ban them with harsh penalties.
The actual text contains many more caveats than the eye-catching selection of points above.