If I were going to put a price target on Bitcoin, I would think that $400 would be a perfectly reasonable target.
And, because you’re probably already getting ready to blast me for “irresponsibly fueling speculation,” so would $0.
I’ve long wondered whether Bitcoin will be the future of money or a giant con set to explode in people’s faces. My current belief is with a hard limit of 21 million bitcoins, there won’t be enough of them to make them a viable currency. Instead, they’ll be some kind of niche store of value with a limited trading economy.
And without links to sites being seeded via Reader, maybe non-regular visitors dip as well. All of this could seriously screw with the pageview-based advertising model of the blogosphere. What if five to ten percent of visits just vanish? What if it’s even more?
MG Siegler finally gets it. The demise of Google Reader is bad for everyone, even if they don’t use it.