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Thanks for that thorough and articulate response! It seems funny to me that a person who works at stripe doesn't see the value in a fraudulent-transaction-free

Thanks for that thorough and articulate response! It seems funny to me that a person who works at stripe doesn't see the value in a fraudulent-transaction-free processing network, but hey, it's cool. I tried to pick apart the rest of your post but damn if you're not an eloquent writer. You pretty much covered every angle. My only real complaint is your point that "Bitcoin is claimed to be a global financial network and ready for production right now." Bitcoin isn't claiming anything, it IS a global financial network being used in production right now.

patio11 10y ago
This would be a good time for me to point to my profile disclaimer that opinions here are my own opinions, not those of Stripe.
davidgerard 10y ago
> a fraudulent-transaction-free processing network except, of course, for all the fraud, thefts, exchange collapses, "hacks" and sorry-for-your-loss events in every other part of how Bitcoin works in practice. Except for the fraud, it's completely free of fraud!
- TeMPOraL 10y ago
  Bitcoin may very well be fraudlent-transaction-free. It has plenty of fraud elsewhere in the ecosystem though.
  - flukus 10y ago
    At which point decentralization and anonymity become negatives.
theamk 10y ago
> fraudulent-transaction-free processing network How so? Are you saying that when a trojan on my machine accesses my bitcoin wallet and sends all of my bitcoins somewhere, is it not "fraudulent transaction"? Because these things happen, you know.