Post
Topic
Board Bitcoin Discussion
Re: Bitcoin's catch-22
by
hazek
on 16/06/2011, 17:25:06 UTC
With all the scamming and thefts going on, it seems like Bitcoins are only proving why an anonymous currency is a bad idea. If transactions are tracked, it kind of defeats the purpose. If they're not, anyone can make a profit from shoddy security and/or gullible users. It seems like the people benefiting the most from Bitcoins are speculators and scammers at the moment. It's an interesting experiment, but I think more people need to treat it as such and not put their life savings into it right off the bat. There are obviously a lot of wrinkles to iron out, and before that happens I think Bitcoins are going to suffer from a lot of negative publicity when people get hundreds or even thousands of dollars stolen from them. I feel that it should have been thought through a bit more before it was opened up to speculation.

What would you have done differently if you'd been the creator behind a new currency and what would you have kept the same?

Only after reading the first sentence I'm 100% sure I agree with this entire post. OH and while we are at it, leaving cash laying on the street and getting it stolen is obviously a problem for cash, so it's best we get rid of that as well, right?   Roll Eyes