update: Just listened to Clif and his explanation of bitcoin, the biggest kicker is that bitcoin is OPEN SOURCE code, the implications of this is brilliant. (I'm sold on that fundamental alone!!) What it all gets down to ultimately then is the algorithm. This is ultra cool (I swear Clif just said "cool" right after I just typed this... ( LOL - karmic ca-ching!) Anyhow... it still all gets down to the algorithm. Which is controlled and developed by "the world population of programmers" and it will be fascinating to find out how that is 'modulated'. In that sense it is slanted toward programmers, (another fascinating point) but apparently, and it makes sense, according to Clif, anyone can use this as an opportunity to learn the code (if they ever had the desire at any point) Again I can totally relate, as I remember dabbling in C and Pearl...) I think this audio is the turning point for me. I am ashamed to admit I haven't looked at it, but I am sold now... (although yet to start further researching)
Any investor can see the advantage of diversifying into this. I was impressed with Clif's explanation regarding Bitcoin reflecting true value. I agree with him that 'Universe' wants to reflect true value. and Clif adds weight to the argument, considering he is THE Original Web-bot programmer, and I trust him. Some may remember web-bot was originally aimed at predicting financial markets, and he does seem to have a decent awareness of fundamental economics in my opinion. And I am in agreement with him, this isn't rocket science (to a standard geek)
I think there is something genius going on here. Think about it. This thing has ZERO advertising, mass marketing, zilcho, nadda, nothing. Has anyone factored that in, in terms of true value, efficiency, stability??? (double ca-ching!)
Kicking myself for not "seeing" this a year ago... should have listend to "the Clif" more... I do enjoy listening to him, and love factoring in his "slice" on "the big picture". Based on the market and what he has said, he looks to be dead on, on this one... which shouldn't be too much a surprise, this is right down his alley. From a financial investment point of view, on an unadvertised medium such as this, who better to get a commentary from?