http://www.smh.com.au/technology/te...-other-financial-fictions-20140203-31w7h.html A very well written article... or should I say hit piece, originally from the NYT. This guy manages to bash not only Bitcoin investors, but gold investors also. And while he's at it he also knocks over libertarians while brooding with nationalist patriotic angst. An absolutely brilliant show of the hand.
Yes, holding BTC has massive potential upside but also a big downside risk. Any retail company looking to hold large amounts of BTC is moving away from its core business... instead of buying and selling stuff, they have to start speculating on cryptos (which at the moment is basically like commodities trading). Dont get me wrong, I am not saying people shouldnt accept them, but it is taking a risk. I am actually looking to accept a few select cryptos when I launch a site later this year, but I ownt be playing with millions... With millions in BTC at risk, large companies will need to employ people (or a company) to monitor the market constantly and make trades etc in excess of whoever they have managing regular old fiat accounts. No shareholders of a retail company will be very happy about large chunks of earned revenue disappearing at the whims of the BTC market so they are going to have to be very conservative.
