http://www.pds.ewi.tudelft.nl/~victor/bitcoin.html http://www.pds.ewi.tudelft.nl/~victor/bitcoin.html Canned response: Bitcoin is only "peer-to-peer" in the se

http://www.pds.ewi.tudelft.nl/~victor/bitcoin.html http://www.pds.ewi.tudelft.nl/~victor/bitcoin.html Canned response: Bitcoin is only "peer-to-peer" in the sense of the British Peerage system. Early-comer-wins, that's the only advantage I see (for early comers). Bitcoin does not capitalize trust in people and institutions (like regular modern money system does, by the way). It is just a silly pyramid scheme reselling air, fed by hopes of those higher in the pyramid to sell Bitcoins to those lower.