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The problem with this article is it's a straw man basically. The author argues that BTC appeals to people because of the lack of regulation but I would counter
by ianstallings 13y ago
The problem with this article is it's a straw man basically. The author argues that BTC appeals to people because of the lack of regulation but I would counter that's not the case, and the advantage is that you separate your currency from central banks and their inherent financial systems. Of course you will always be coupled to real world economies, financial industries, and the regulations that come with it. BTC isn't strictly about hiding your transactions, it's about decoupling from a currency system that many think is flawed.
- bryogenic 13y ago... and to believe that BTC actually 'hides' your transactions in any real way is the naive assumption that just wont go away.
- ianstallings 13y agoI agree. Right now I think the biggest hurdle to BTC truly is FUD. People are nervous when it comes to money. Probably a healthy skepticism. But judgements should be based on the truth. Right now it's hard to get the proverbial fair trial when it comes to BTC and the facts.