@sama @garrytan in '99, the web was porn, hackers and a whole lot of speculation, right?

@sama totally agree with almost all of this. Though I disagree with "bitcoins are designed to go up [in value]."

@sama an oft-unmentioned point on gold is that large governments own massive amounts of it, ostensibly giving it "backing"

@sama could bitcoin motivate (and lose to) better banking APIs?

Smart RT @sama: Thoughts on bitcoin: blog.samaltman.com/thoughts-…

“@hunterwalk: “@sama: Thoughts on bitcoin: blog.samaltman.com/thoughts-…” <- "legitimate transaction volume" as the only metric which matters”

@hunterwalk tough to measure when anonymity is at Bitcoin's core.

@sama retailers convert to dollars because supply chain is in $. Best metric for btc success will probably be volume of btb transactions

"On November 29, more than 6% of all [Bitcoin transactions] were spent on goods/services through @BitPay’s platform." Notbad.jpg /cc @sama

@hunterwalk @sama the idea that "legitimate transaction volume" is essential to Bitcoins success is widely cited, and probably wrong, IMO