Post
Topic
Board Bitcoin Discussion
Re: Oddly Stable
by
Synaptic
on 15/06/2011, 15:34:14 UTC
...you were saying?
I was saying that Napster failed and Bittorrent succeeded for the same reason that PayPal failed (to achieve the founders original intentions) and Bitcoin will succeed  - centralized control.

The only thing that can kill Bitcoin is insufficient demand for it. As long as people desire a decentralized currency the technology will outpace efforts to eliminate it.

I think you're a bit behind on the debate, friend.

It seems to me we've pretty much come to a consensus that centralization of certain bitcoin functions is inevitable, and even desirable.

The whole anarcho-libertarian cryptastic orgycoin concept is only appealing for a very select minority.

So, it's very very likely that demand could dry up quite quickly unless such centralization takes hold.

I don't understand how any of you got the idea in your heads that decentralized currency was ever in demand...frankly, the entire world minus you and a couple of your buddies that we could list in a small notepad, simply do not give two flying fucks about crapto-currency.