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But somehow blaming the protocol for the bad actors in the space? Come on.... I didn't blame the protocol for anything. Critiques of Bitcoin like this baffle

But somehow blaming the protocol for the bad actors in the space? Come on.... I didn't blame the protocol for anything. Critiques of Bitcoin like this baffle me. It's not a critique of bitcoin, it's a critique of the increasing reliance on centralized merchant services. All these companies accepting bitcoin payments only do so by the grace of a few centralized parties that will quickly become "too big to fail" as they continue to aggregate more and more clients. I shouldn't have to rely on coinbase to provide a path to actually spend my decentralized currency.

aianus 12y ago
If Bitcoin becomes big and stable, there's no reason large companies couldn't open BTC accounts at Chase or Wells Fargo and accept them directly. Amazon doesn't convert your CAD into USD immediately when you shop on Amazon.ca. At least with Bitcoin, anyone can compete as a payment processor because there's no central authority with onerous licensing requirements like Visa/Mastercard.
- kaonashi 12y ago
  >there's no reason large companies couldn't open BTC accounts at Chase or Wells Fargo and accept them directly That strikes me as a rather extraordinary claim.