Poll of the Day Recap: Bitcoin Isn't Fit to Rule the Virtual World (Yet)

It seems like everyone and their mom is talking about Bitcoin. There’s the Winklevoss twins, the Mt.Gox debacle, the gossip about who actually created the digital currency, Warren Buffett’s comment that the coin is a “mirage,” and now news today that Fortress Investment Group is entering the fray.


So we wanted to know in our Poll of the Day: Do you have any intention to ever use Bitcoin?


At the time of this post, approximately 67% of respondents said NO and 33% said YES. 


Of the voter comments we received, those who voted NO said that infrastructure was missing, and that it’s “not really useful in any part of my life in the real world.  Maybe if I moved to SimCity...or wanted to launder some drug money.” A commenter also responded, “When merchants universally accept it and it actually has a definable value, then maybe I'd try it. Both of those events won't happen in my lifetime, though.”


One voter asked, “How do you manage risk using the most volatile 'currency' on the planet?”


As for the YES commenters, one person noted that “the Bitcoin protocol platform is relevant and valuable,” and that  “some form of this currency will become mainstream in the next 5-10 years.”


More to be revealed. Expect this media storm to rage on. 


Poll of the Day Recap: Bitcoin Isn't Fit to Rule the Virtual World (Yet) - bitcoin 16x9 1600%20%20%20It%20seems%20like%20everyone%20and%20their%20mom%20is%20talking%20about%20Bitcoin.%20There’s%20the%20Winklevoss%20twins,%20the%20Mt.Gox%20debacle,%20the%20gossip%20about%20who%20actually%20created%20the%20digital%20currency,%20Warren%20Buffett’s%20comment%20that%20the%20coin%20is%20a%20“mirage,”%20and%20now%20news%20today%20that%20Fortress%20Investment%20Group%20is%20entering%20the%20fray.%20%20%20So%20we%20wanted%20to%20know%20in%20our%20Poll%20of%20the%20Day:%20Do%20you%20have%20any%20intention%20to%20ever%20use%20Bitcoin?%20%20%20At%20the%20time%20of%20this%20post,%20approximately%2069%%20of%20respondents%20said%20NO%20and%2031%%20said%20YES.%20%20%20%20Of%20the%20voter%20comments%20we%20received,%20those%20who%20voted%20NO%20said%20that%20infrastructure%20was%20missing,%20and%20that%20it’s%20“not%20really%20useful%20in%20any%20part%20of%20my%20life%20in%20the%20real%20world.%20%20Maybe%20if%20I%20moved%20to%20SimCity...or%20wanted%20to%20launder%20some%20drug%20money.”%20A%20commenter%20also%20responded,%20“When%20merchants%20universally%20accept%20it%20and%20it%20actually%20has%20a%20definable%20value,%20then%20maybe%20I'd%20try%20it.%20Both%20of%20those%20events%20won't%20happen%20in%20my%20lifetime,%20though.”%20%20%20One%20voter%20asked,%20“How%20do%20you%20manage%20risk%20using%20the%20most%20volatile%20'currency'%20on%20the%20planet?”%20%20%20As%20for%20the%20YES%20commenters,%20one%20person%20noted%20that%20“the%20Bitcoin%20protocol%20platform%20is%20relevant%20and%20valuable,”%20and%20that%20%20“some%20form%20of%20this%20currency%20will%20become%20mainstream%20in%20the%20next%205-10%20years.”%20%20%20More%20to%20be%20revealed.%20Expect%20this%20media%20storm%20to%20rage%20on.%20%20CONNECT%20TO%20HEDGEYE.%20%20http:/beta.polstir.com/embed/mSq2PnSGtwgkZ6k66" class="embedded-content">http://beta.polstir.com/embed/mSq2PnSGtwgkZ6k66

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