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His main point is along the lines of "OMG <insert_bad_actors> can/may use <technologyXYZ>" Bitcooin like any tool from the invention of fire to tools like a ha
by dcc1 13y ago
His main point is along the lines of "OMG <insert_bad_actors> can/may use <technologyXYZ>"
Bitcooin like any tool from the invention of fire to tools like a hammer to "the web" can be used for good or bad, you think someone who writes sci-fi and programs would understand this.
- nicholassmith 13y agoHis point is he's sick of the inherent drum-beating that BitCoin is the salve to the financial issues present in the gold backed/regulated traditional economy because it's just as broken, if not potentially more so.
- dcc1 13y agoThere is a lot of pumping by those who want "bitcoin to go to the moon" for their own financial gain. That still does not make bitcoin technology inherently evil. The distributed ledger and proof of work pioneered by Bitcoin does have incredible potential to change the way people transfer "value" between themselves. The problem is a subset of bitcoin users who want to get rich quick, that does not make this technology evil or worthy of death. Cash can also be used by all sorts of criminals for all sorts of shit, if anything its much easier to use for nefarious purposes than bitcoin. It was anonymity provided by TOR that gave rise to silk road, pseudo-anonymity provided by bitcoin was just a bonus.
- SideburnsOfDoom 13y agoNo, his main point is that the ratio of good to bad uses is even worse in Bitcoin compared to the nasty banking system that we already have.
- dcc1 13y agoI don't remember Bitcoin nearly collapsing the world economy and leading to misery for millions worldwide as the Banking sector has done in the past few years.
- wmf 13y agoBitcoin is still in beta; give it time.
- SideburnsOfDoom 13y agoA worse ratio of uses, but a much smaller total magnitude.
- gottasayit 13y agoMeh, and you'd think that a singer as popular as Justin Bieber actually produced good music. Bitcooin like any tool from the invention of fire Well, yeah... Mr. Stross doesn't trust people to make their own decisions about using something like bitcoin, but he seems to advocate trusting those same people to vote for government overlords who will create rules that all of us should live by.