He mentioned how those in Silicon Valley are much more interested in the popular cryptocurrency than those on the East Coast. Shiller also referred to Bitcoin as a social movement and an “epidemic of enthusiasm,” but referenced some of the “impressive cryptographic theory” that has emerged from computer scientists who are interested in virtual currency.
Good article, informative in a way, I do think crypto is going to be a lot more popular for different people, whole countries like Zimbabwe and Venezuela should adopt crypto now, whereas people that still believe in their banking system will probably wait until a crisis happens. I will say that those tech guys and girls in Silicon Valley tend to lead the rest of us, because they're in the industry they can see what new technologies are going to become not just what it is now.
Read the full story here...
http://bitcoinist.com/bitcoin-is-an-enthusiastic-social-movement-says-nobel-economist/