Google's Chief Economist: Not Particularly Optimistic About Bitcoin's Future
"I think something like this technology will take hold in the future but I am not particularly optimistic about bitcoin because it suffers from being the first in the area. “We have a saying in the US that you can always tell pioneers that they are the ones with errors in their bags," Google Chief Economist Hal Varian told the UK's Business Standard.
@TimHarford Regarding Bitcoin, I'm nearly certain Hal Varian said "Arrows in backs" not "Errors in bags." BC suffers from being 1st he says.
— Tren Griffin (@trengriffin) December 18, 2013