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they trust them because many paragons are overseeing the system and occasionally , for example, fine the banks that rig the FX rates. it's hard to trust a commo
by return0 11y ago
they trust them because many paragons are overseeing the system and occasionally , for example, fine the banks that rig the FX rates. it's hard to trust a commodity with a history of drugs, theft and the winklevosses. bitcoin may have almost solved the security issue but it has raised bigger trust issues.
- Mtinie 11y agoIf we're using those as the criteria for trust[1,2], I'm totally going to stop using Wall Street-backed products :) You've got me on the third point, however. The Winklevoss brothers do have an EFT in the works[3], but I don't think it's fair to use them as a symbol of financial malfeasance. ----- [1] http://www.npr.org/sections/parallels/2014/03/20/291934724/awash-in-cash-drug-cartels-rely-on-big-banks-to-launder-profits http://www.npr.org/sections/parallels/2014/03/20/291934724/a... [2] http://www.chicagotribune.com/business/breaking/chi-hackers-bank-heist-20150215-story.html http://www.chicagotribune.com/business/breaking/chi-hackers-... [3] https://winklevosscapital.com/ https://winklevosscapital.com/