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Comparing a teenager's site to a bank is being pretty disingenuous here. If you're saying its impossible to code a safe bitcoint repository on par with electri
by drzaiusapelord 15y ago
Comparing a teenager's site to a bank is being pretty disingenuous here. If you're saying its impossible to code a safe bitcoint repository on par with electric banking then I really need you to back that up with proof because its a pretty insane premise.
I can lose $20 right now and it would be impossible to trace back. Bitcoin really isn't any different than cash, except bitcoin users probably understand the risks a lot more than $random_consumer.
- tptacek 15y agoBitcoin really isn't any different from cash, except that its retail online presence seems to have been uniformly built by people with a teenage-level of engineering experience? I don't want to bag on the guy who wrote Bitcoinica, except that I wish he had done what I said earlier and built a play-money exchange instead of a "real"†-money system like this. But I'm happy to berate the people who talk up Bitcoin, the Bitcoin economy, and the ecosystem of Bitcoin services and then, when things fail to the tune of 6-figure losses for customers, try to apologize around it by saying "oh, well, that service was built by a teenager; wait until the serious engineers get around to building Bitcoin services!". It's a frustrating and intellectually dishonest argument to make. † Heh