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The worst part about this is he is playing so loose with words that it gives no closure at all. For years there will be people, especially newbies, that will be
by tcoppi 10y ago
The worst part about this is he is playing so loose with words that it gives no closure at all. For years there will be people, especially newbies, that will believe Craig and will treat circumstances surrounding the whole affair, like the "leaked" and "hacked" documents alleging his involvement, as at least potentially true. In my view, anyone or anything that lends any legitimacy to Craig as far as bitcoin goes should not be trusted at this point.
For that matter, I believe most public people involved with bitcoin should not be trusted at all either, but that is incidental.
- deleted 10y ago[deleted]
- mbmott 10y agoBitcoin definitely attracts fraud, but it's also teaching many people an important lesson in trust. Trust code and math as these things are ultimately verifiable.
- tcoppi 10y agoIt's also a first-class lesson to a lot of young technologists as to how financial regulations and the modern banking system came to exist in the first place. Thankfully bitcoin was so well designed that we can ultimately trust the math behind it, but the code is still malleable by people who may not have the network's best intentions in mind.
- GrinningFool 10y agoIt's a hard lesson for many, and it'll likely need to be learned many times over. Any number of individuals are willing to take advantage of the trustworthy nature the technology to imply that the things they do are also trustworthy. And too often, it works - because the technology is secure, not enough people question those who are using it and proclaiming "secure" in a loud enough voice (mt gox, cryptsy, mintpal, and countless others).