Why bitcoin will fail
►http://apenwarr.ca/log/?m=201105#08
pourquoi la #monnaie cryptographique alternative #bitcoin est une mauvaise idée et ne marchera pas
1. Like the gold standard, a successful bitcoin would send our economy back into the dark ages.
2. Even if it became popular, governments would squash it because of #1 and because they like being in power.
3. A single mathematical or other error in the cryptosystem would cause instant, unresolvable, worldwide hyperinflation. After hundreds of years of analysis, there are no known flaws in the current financial system that could lead to that. (Other than the known causes of hyperinflation of course, ie. total gross mismanagement of the entire country.)
4. It’s not even useful except as an online-only addition to normal currency, and my normal currency already works fine online.