# Adam Cohen's answer to Is the cryptocurrency Bitcoin a good idea?

<http://www.quora.com/Is-the-cryptocurrency-Bitcoin-a-good-idea/answer/Adam-Cohen-2>

- Host: [quora.com](https://links.thingelstad.xyz/hosts/quora.com/)
- Saved: June 3, 2011 (2011-06-03T14:51:35Z)
- Record: https://links.thingelstad.xyz/links/8e5072261f23/
- JSON: https://links.thingelstad.xyz/links/8e5072261f23.json

## From the page (probably an excerpt, not Jamie's words)

No. Bitcoin is a ludicrously bad idea. It is a scam. A Scam. It is not a currency. The economic assumptions underpinning the Bitcoin ecosystem are laughable, and ignore hundreds of years of accumulated understanding of how currencies work with each other.

## Facts

- Kind: [Page](https://links.thingelstad.xyz/kinds/page/)

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## Elsewhere

- Wayback Machine: https://web.archive.org/web/*/http://www.quora.com/Is-the-cryptocurrency-Bitcoin-a-good-idea/answer/Adam-Cohen-2