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> Bitcoin-like digital currency system called Liberty Reserve No, it's really not. That's about analogous to "absinthe-like drink called Coca-Cola." Can the B
by javert 13y ago
> Bitcoin-like digital currency system called Liberty Reserve
No, it's really not. That's about analogous to "absinthe-like drink called Coca-Cola."
Can the Bitcoin Foundation sue for defamation?
- fragmede 13y agoHow isn't it? They're both drinks, and slightly poisonous... they're both digital currency, and as far as any laymen could tell, used exclusively by criminals. Oh sure, you can tell me about "mining" and crypto, but that's not relevant right now. What, if anything, actually sets Bitcoin apart from LIberty Reserve?
- sirsar 13y agoLiberty Reserve got shut down. Bitcoin can't be shut down. To the laymen you referenced: https://bitcoinstore.com https://bitcoinstore.com
- jnbiche 13y agoDo you really believe that the CEO of Paypal[1] and Western Union[2] would contemplate in public the possibility of using Bitcoin as a funding mechanism if it were used exclusively by criminals? 1. http://blogs.wsj.com/digits/2013/04/30/could-paypal-be-on-horizon-for-bitcoin/ http://blogs.wsj.com/digits/2013/04/30/could-paypal-be-on-ho... 2. http://mashable.com/2013/04/02/western-union-bitcoin/ http://mashable.com/2013/04/02/western-union-bitcoin/
- javert 13y ago(a) LR was just a company - a company that may have engaged in all kinds of illegal things. Bitcoin is a technology based on a white paper and open source software. (b) Bitcoin has many legitimate and legal uses. (c) Bitcoin has unique and useful properties that are not possible with a private (LR) or fiat (e.g. USD) currency, such as having a fixed total supply.
- vhf 13y agoIf anything : decentralized vs centralized currency. For the laymen : Nobody owns Bitcoin. Liberty Reserve owned Liberty Reserve. It's as simple as it gets.