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Not sure why you're getting downvoted; Bitcoin was clearly designed by someone with no understanding of how money actually works.
by Finnucane 9y ago
Not sure why you're getting downvoted; Bitcoin was clearly designed by someone with no understanding of how money actually works.
- digi_owl 9y agoIndeed. Bitcoin is a crossover point between cypherpunks and goldbugs.
- rothbardrand 9y agoBitcoin is pretty much the essence of the entire point of the cypherpunks. That an privacy, but bitcoin is nothing but a censorship resistant ledger.
- offtopicques 9y agothat bitcoin works would suggest your understanding does not survive contact with reality
- Finnucane 9y agoDoes it work as money? It hasn't yet.
- deleted 9y ago[deleted]
- rothbardrand 9y agoYes, it has, though I'm sure you have some tortured narrow definition of "money" and an inaccurate assumption of some failing of bitcoin to claim that it hasn't. But that doesn't matter. All you're saying here is that it's going to be a few more years and a much higher bitcoin price until you convert over. That's your loss.
- omarchowdhury 9y agoWhy would a higher price be the reason to convert? You just flatly admitted what bitcoin is about. Not currency. When did any person use a currency based on what the price of that currency is in relation to other currencies?
- lightedman 9y ago"Not sure why you're getting downvoted" Because the truth hurts the value of Bitcoin. Bitcoin people have paid groups on many discussion sites to downvote any negativity. I'm almost sure the administration here allows it because vote manipulation should be easy to detect, and that's knowing how the vulnerable upvote/downvote system works.