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> Paul Krugman is saying that it wont be successful because the banks and government will fight it He's wrong. It won't be successful because it's pretty much
by floatboth 8y ago
> Paul Krugman is saying that it wont be successful because the banks and government will fight it
He's wrong.
It won't be successful because it's pretty much unusable by regular people, difficult to secure (surprise, "be your own bank" implies "be your own security guard" — and 99% of people want to be neither of those things), extremely wasteful, slow and full of scams.
Most people's first encounter with buttcoins is literally RANSOMWARE. Do you really think mass adoption is coming?
- ramblerouser 8y agoDoes having $100 in your pocket make you "your own bank"? Does it make you "your own security guard"? Real banks could hold deposits in Bitcoin if the regulators controlled by banking interests allowed it, but they dont. Why do you think that is?