Hacker News new | ask | show | jobs
by knieveltech 5484 days ago
Hate to burst your bubble but comparing demand for alcohol during prohibition and demand for quasi-anonymous online value transfers is what most folks would call an obvious strawman. What percentage of the population of the US do you think has even heard of bitcoin, much less understand the underlying concepts?

Everyone I know that's even aware of (much less involved with) bitcoin atm falls under the following demographic: young technophiles. A small minority of these are buying up more GPU's and giggling about the "free money" they're making.

It's a mistake to confuse speculation on the part of some early adopters with actual broad public demand. Expect popular demand for bitcoin about the time that credit cards stop working on Amazon.com.

In the mean time the IRS has every reason to stomp on this before it gets any bigger and all the excuses legislators need have been laid out on a silver platter.