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"though Flooz was a flop, bitcoin has now shown that digital currency can play huge role in the modern world" Sure - if one considers "never-ending hype-machin

• jp555 12y ago
  Interesting way to look at it ... kinda like how one could conflate the invention of SMTP & the problem of spam email? If one judges new things through the lens of mainstream media and not by actually seeking to understand the new thing then of course it'll seem like a "never-ending hype-machine". Seems to me you might actually be gaining an understanding of how the media works and confusing that with an understanding with the topic they're talking about.
• chiph 12y ago
  Well, the #1 problem for me was the name -- too close to "fleece". But also they were injecting themselves between the buyer and the merchant, adding friction and uncertainty (Why should I use them when the merchant already accepts Visa?)
• Meekro 12y ago
  That simply isn't true. BitPay, just one bitcoin payment processor, is processing for over a million dollars worth of merchandise per day [1]. That's real people buying real stuff. I suppose you could argue that several million dollars a day doesn't amount to a "huge role," but let's not pretend that it's just hype and mining. [1] http://www.coindesk.com/bitpay-now-processing-1-million-bitcoin-payments-every-day/ http://www.coindesk.com/bitpay-now-processing-1-million-bitc...