Subject: Re: OT Krugman (and WEB) on Bitcoin
From a theoretical point of view, BTC is the same as gold; whether it can serve as a medium of value all depends on people's trust. Gold is a physical thing and has earned trust for thousands of years from people all over the world; there is no reason to doubt that will change. BTC is new, and subject to all digital risks, and only a small number of people have trusted and used it, how long that will last is still in question.