3 ms·

Tell that to WikiLeaks. Your "instant bank transfers" claim is irrelevant. Traditional banking lacks the openness, borderless access, censorship resistance asp

Tell that to WikiLeaks. Your "instant bank transfers" claim is irrelevant. Traditional banking lacks the openness, borderless access, censorship resistance aspects of decentralized cryptocurrencies like bitcoin. With traditional banking you are in a master-slave relationship, where your bank is the master and can wipe your money clean at a whim. Bitcoin means you are your own bank. It's pointless to compare "instant bank transfers" with bitcoin, bitcoin makes traditional banking obsolete.

quickben 9y ago
If "censorship resistant" is the main selling point, it's a lost cause.
- grover_hartmann 9y ago
  Why? Do you prefer the government having the power to confiscate people's money?
  - nikolay 9y ago
    Tell me a recent case of confiscated money in the US. Well, I remember the Feds confiscating tons of bitcoins though!
    - grover_hartmann 9y ago
      The US is not the whole world. Are you that stupid?
      - nikolay 9y ago
        No, I'm not stupid, but you're pathologically paranoid. Something that solves a problem for <1% of the global population and some niche cases is of virtually no utility.
        grover_hartmann 9y ago
        > No, I'm not stupid, but you're pathologically paranoid. I'm not paranoid, I want the world to be a better place. Banks and governments are the cause of the global financial crisis/recession. Lots of families and people's future were destroyed by them. The US is 4.3% of the total world population, there are other 6 and a half billion people in the world. Most of the other 6 and a half billion are completely unbanked, they never had access to a bank account. Bitcoin can help those people. > Something that solves a problem for <1% of the global population and some niche cases is of virtually no utility. I don't know how you can say that. You must be blind.
        nikolay 9y ago
        It can't be a better anything with reliance on the Chinese miners and the mining cartels in general. Bitcoin was a decent initial implementation of the idea, but there are better and more resilient technologies in 2017. I am not blind; I just don't accept the solution as a technologist with 30+ years of experience and as one of the first Bitcoin adopters. I am disgusted by the kind of people Bitcoin attracts today and I don't want to be associated with that crown in any possible way!
        grover_hartmann 9y ago
        > Bitcoin was a decent initial implementation of the idea, but there are better and more resilient technologies in 2017. What are those "more resilient technologies" that you speak about? I want to know, because all the other shitcoins are either more centralized or a scam and not worth looking at in my opinion. I dare you to tell me another cryptocurrency that is more decentralized than bitcoin. > I am disgusted by the kind of people Bitcoin attracts today and I don't want to be associated with that crown in any possible way! What I want to know is why you associate the technology with the people, or why even generalize the whole community because of a few bad actors. I agree there are many toxic people in bitcoin, but you know what? I don't give a shit, just ignore them I'd say. There are far worse people in the current financial system, but you don't seem to be talking about that, I wonder why.
grover_hartmann 9y ago
Why did I get downvoted for this? Are you guys being paid by Jamie Dimon? What a bunch of cowards, feel free to downvote, but bitcoin won't go away.
- sctb 9y ago
  Would you please stop violating the guidelines? https://news.ycombinator.com/newsguidelines.html https://news.ycombinator.com/newsguidelines.html

quickben 9y ago

If "censorship resistant" is the main selling point, it's a lost cause.

grover_hartmann 9y ago
Why? Do you prefer the government having the power to confiscate people's money?
- nikolay 9y ago
  Tell me a recent case of confiscated money in the US. Well, I remember the Feds confiscating tons of bitcoins though!
  - grover_hartmann 9y ago
    The US is not the whole world. Are you that stupid?
    - nikolay 9y ago
      No, I'm not stupid, but you're pathologically paranoid. Something that solves a problem for <1% of the global population and some niche cases is of virtually no utility.
      - grover_hartmann 9y ago
        > No, I'm not stupid, but you're pathologically paranoid. I'm not paranoid, I want the world to be a better place. Banks and governments are the cause of the global financial crisis/recession. Lots of families and people's future were destroyed by them. The US is 4.3% of the total world population, there are other 6 and a half billion people in the world. Most of the other 6 and a half billion are completely unbanked, they never had access to a bank account. Bitcoin can help those people. > Something that solves a problem for <1% of the global population and some niche cases is of virtually no utility. I don't know how you can say that. You must be blind.
        nikolay 9y ago
        It can't be a better anything with reliance on the Chinese miners and the mining cartels in general. Bitcoin was a decent initial implementation of the idea, but there are better and more resilient technologies in 2017. I am not blind; I just don't accept the solution as a technologist with 30+ years of experience and as one of the first Bitcoin adopters. I am disgusted by the kind of people Bitcoin attracts today and I don't want to be associated with that crown in any possible way!
        grover_hartmann 9y ago
        > Bitcoin was a decent initial implementation of the idea, but there are better and more resilient technologies in 2017. What are those "more resilient technologies" that you speak about? I want to know, because all the other shitcoins are either more centralized or a scam and not worth looking at in my opinion. I dare you to tell me another cryptocurrency that is more decentralized than bitcoin. > I am disgusted by the kind of people Bitcoin attracts today and I don't want to be associated with that crown in any possible way! What I want to know is why you associate the technology with the people, or why even generalize the whole community because of a few bad actors. I agree there are many toxic people in bitcoin, but you know what? I don't give a shit, just ignore them I'd say. There are far worse people in the current financial system, but you don't seem to be talking about that, I wonder why.

grover_hartmann 9y ago

Why did I get downvoted for this? Are you guys being paid by Jamie Dimon? What a bunch of cowards, feel free to downvote, but bitcoin won't go away.

sctb 9y ago
Would you please stop violating the guidelines? https://news.ycombinator.com/newsguidelines.html https://news.ycombinator.com/newsguidelines.html