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I doubt people are stupid enough to conflate Bitcoin with 3rd party websites that use bitcoins. Maybe a few will, but the success or failure of Bitcoin does not

by javert 14y ago

I doubt people are stupid enough to conflate Bitcoin with 3rd party websites that use bitcoins. Maybe a few will, but the success or failure of Bitcoin does not ride on a what a few dumb people do. And Bitcoin does not have a "brand." You could say, and probably meant, "reputation."

michaelt 14y ago
> I doubt people are stupid enough to conflate Bitcoin with 3rd party websites that use bitcoins. Well, some of the most touted features of Bitcoin are that it's anonymous, untracable, and unfettered burdensome mandates like FDIC insurance and PCI-DSS compliance. In this case, those features mean in all likelihood the thieves won't be traced or punished, the depositors' money won't be returned, and there was no independent auditing to catch crap security practices. High profile thefts might make people think they don't need the features that Bitcoin is offering.