I know we probably won't see the TS anymore, but just for the sake of argument:
Cash and pull out: ah, I see. How, exactly? If I have a million BTC, currently worth about 6.5 million US $, there's no practical way to actually get that $6.5M.
Anyway. Thank you sir, for some good comedy
- The deflatory nature of bitcoin is an inherent flaw making the principle useless
Ah, as opposed to the (hyper)inflation currently condoned by the US and European governments and banks, which is obviously a great success and has brought us nothing but wealth and growth, right?Quote
- Bitcoin is a speculative bubble, has no real value and will cause many people to lose the money they invested
I think you are confusing Bitcoin with Dollars. Or stock options. Or basically anything other than the actual products and services that we tend to buy with money.Quote
- The whole concept is too geeky (and yes, we're geeks too, but still) to become ever widely adopted
Wait, is this a notion on Bitcoin in 2012, or on The Internet in 1992?Quote
- It is a pyramid scheme and the only ones benefiting are the early adoptors and they will laugh at you when they cash and pull out
Early adopters benefit: sure. That's their reward for stepping in early even when Bitcoin was still insignificant.Cash and pull out: ah, I see. How, exactly? If I have a million BTC, currently worth about 6.5 million US $, there's no practical way to actually get that $6.5M.
Quote
- It's a botnet-hack waiting to happen
You mean infiltrating people's computers to steal their wallets, or to abuse their processing power to mine coins?Quote
- Instances like MtGox deciding to perform rollbacks show that the principle ideal was already raped
What rollbacks are you referring to, exactly? And how does that show that the Bitcoin concept itself is 'already raped'? Anyway. Thank you sir, for some good comedy