The Doomsday Cult of Bitcoin -- Daily Intelligencer
J Thoendell stashed this in Cryptocurrency
Emin Gün Sirer, a computer science professor at Cornell who has studied the crypto-currency, sums up the state of Bitcoin in a way that almost makes you feel sorry for the remaining faithful:
Bitcoin, at the moment, is in a slump, with a community that has become its own parody … The Bitcoin masses, judging by their behavior on forums, have no actual interest in science, technology or even objective reality when it interferes with their market position. They believe that holding a Bitcoin somehow makes them an active participant in a bold new future, even as they passively get fleeced in the bolder current present.
It's a mess. I really hope something better emerges out of the chaos.
I'm still pulling for LiteCoin and DogeCoin.