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I have no skin at all in this game, but at this point I have to wonder why anybody is still investing in this, it's been one scam after another every six months

• em3rgent0rdr 10y ago
  Shows the importance of server security. And a reminder that no need to store your bitcoins online.
  • kalleboo 10y ago
    The NSA and Department of Defence have has documents leaked. Major retailers leak tens of thousands of credit card numbers. Banks routinely have embarrassing security holes. The very building blocks these systems are built on have bugs that laid dormant for years (OpenSSL, Secure Transport) Why does anyone still believe computer security is anything but an illusion?
• spdustin 10y ago
  The thing with the greater fool is: they get the fuck out when the investment goes cold. They're not interested in calm, orderly profit, they're interested in action. By definition, they're irrational. Leaving aside the fact that (what I call) the semi-intrinsic value of BTC is designed to increase over time, when the end is in sight either because of security snafus or actual source exhaustion, the greater fool will go elsewhere, leaving the lesser fools holding the bag. Nobody seems to be handling BTC correctly, and nobody seems to agree on the correct way to handle it. That leads me to my own thesis: if a currency is so convoluted to handle that consensus can't be reached on proper handling of escrow funds or deposit balances, it's not a currency, it's just a long-running argument.