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Some observations: 1. Armstrong was so concerned about privacy that he used a throwaway, but ended up giving his identity away anyway. 2. Those responses! The
by aazaa 6y ago
Some observations:
1. Armstrong was so concerned about privacy that he used a throwaway, but ended up giving his identity away anyway.
2. Those responses! The negativity on Bitcoin has been there from the start on HN especially for some reason.
3. That whole payment angle has not worked out the way most people thought. Most enthusiasts in 2012 saw Bitcoin as a PayPal replacement. Instead, Bitcoin has taking its own path, confounding the predictions of skeptics, professional economists, and enthusiasts alike.
- morpheos137 6y ago1. See 2. 2. Bitcoin was always a dumb idea from the perspective of building a business or an economy on it. 3. Anyone who really looked at Bitcoin in 2012 could see it was not a realistic replacement for PayPal unless you were thinking about paying on a place like SilkRoad.
- GoblinSlayer 6y agoFiat systems have such infernal UX, bitcoin can win on that metric alone. The FUD spread by the regulator is the only reason we're here.
- morpheos137 6y agoBy infernal you mean they comply with AML regulations like KYC? Not following the law is not a "metric" legitimate businesses usually brag about. Anybody who use FUD as an argument for something is pushing some kind of snake oil. FUD stands for "Fear, uncertainty, doubt." Why does FUD exist? Because historically when we did dumb things there were consequences. Is fearing consequences an irrational thing?