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If Napster disappeared overnight, literally nothing of value is lost. If Bitcoin disappeared overnight, millions of dollars of value is gone. That's the game B
by freehunter 9y ago
If Napster disappeared overnight, literally nothing of value is lost. If Bitcoin disappeared overnight, millions of dollars of value is gone.
That's the game Bitcoin is playing in. It doesn't matter if it becomes a global currency, but if it's not being taken seriously and is just for playing around, there are a lot of people who are going to lose a lot of money. What you're describing is gambling at best, theft and fraud at worst.
- disordinary 9y agoI posted another comment above but it reflects on this one as well. The difference is that napster was centralised even if it was peer to peer. Bitcoin cannot simply disappear in the same way that Bittorent hasn't disappeared, the paradigm is different as there is no central server which tracks the nodes.