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This is why I believe in Bitcoin and work on its infrastructure. It doesn't need government. You don't need to ask for permission. There is no way you can massi
by snitko 12y ago
This is why I believe in Bitcoin and work on its infrastructure. It doesn't need government. You don't need to ask for permission. There is no way you can massively steal it from individual wallets or in many cases even know that someone has a certain amount of money. Governments can't fund wars and can't just bail banks out by more taxation and printing more money. Bitcoin is the answer.
- jnbiche 12y agoYeah, that's one of the big reasons I got interested in Bitcoin, including contributions to its development. Unfortunately, it has attracted a huge swarm of scammers, pumpers, and other dishonest people as it's grown, so I've lost interest. While all the hacks are unfortunately part of a growing process, security will continue to improve[1]. I'm much more concerned about this type of people Bitcoin has attracted, and that much of its community has promoted. I'm particularly concerned that the constant influx of scammers may be inevitable in an anonymous or pseudonymous, irreversible currency, which a decentralized currency almost necessarily must be. 1. By necessity cryptocurrency may well bring about a rebirth in information security
- jnbiche 12y agoBy the way, in case you see this later, I didn't downvote any of your posts. Looks like someone wasn't happy with either of us.
- snitko 12y agoAh, yeah. Well, that's ok. I never downvote people with whom I have discussions here either. I think for some it's easier to downvote than to reply, which is fine with me.