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It's an observation; Bitcoins are in its early stage of development akin to banks in the 1800's.
by meric 11y ago
It's an observation; Bitcoins are in its early stage of development akin to banks in the 1800's.
- wmf 11y agoThe next question is whether Bitcoin exchanges will follow the same path of increasing security that banks did, or whether there are structural differences that will cause Bitcoin companies to remain a "market for lemons".
- grubles 11y agoComputer security is in its early stage of development, akin to bank security from the 1800's.
- Ar-Curunir 11y agoComputer security is actually fine; there's plenty of solutions in academia for lots of modern problems. The issue is that the uptake of these solutions is slow, because of reasons like backward compatibility and poor software engineering and govt meddling.
- tallanvor 11y agoThe problem is that Bitcoin developers and exchange operators haven't bothered to learn from hundreds of years of banking history.