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Given recent events I take it we're no longer emphasizing stability and security as features of bitcoin. I understand where such a snarky statement comes from,
by bdhe 15y ago
Given recent events I take it we're no longer emphasizing stability and security as features of bitcoin.
I understand where such a snarky statement comes from, but let's take a step back. Bitcoin has generate such enormous debate because it is not clear to anyone---security researchers, economists, or otherwise---what Bitcoin entails. It has some desirable properties, some undesirable properties, and has, imho, made people think a lot about the concept of fiat currency and how to go about extending the advantages paper currency has to the "digital domain" (and I use that phrase loosely).
I think it is great that lot of people are looking at Bitcoin in many different angles and since this is the first of its kind, I am sure people and society (including governments) will learn from pitfalls (security, economics or otherwise) to build a better system tomorrow. So let's not attack people who are trying to explore what Bitcoin gives us and what it doesn't.