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Maybe advantage is the wrong word, maybe it is just what makes Bitcoin even possible. Centralized digital currencies (eGold?) have been around, but their probl
by nicpottier 14y ago
Maybe advantage is the wrong word, maybe it is just what makes Bitcoin even possible.
Centralized digital currencies (eGold?) have been around, but their problem is twofold in that they are more vulnerable to single points of attack and more importantly, can be shut down by governments.
I don't know if there have been any real efforts yet to crack down on Bitcoin but it seems well positioned to survive such an attempt.
- jusben1369 14y agoYes, maybe it's "Bitcoin has some very unique characteristics that are either it's biggest advantages or drawbacks, depending on your point of view" Full disclosure. I work for a payments startup. We have a tug of war around Bitcoin. We're fascinated by it's potential but also fear tying our brand too closely to it as it seems to receive bad press around something every 90 days.