Post
Topic
Board Bitcoin Discussion
Re: Bitcoin Is Useless Because It's Too Easy Too Get Robbed
by
TraderTimm
on 25/06/2011, 21:13:19 UTC

Sorry, buddy, you continue to mark yourself as a dickbag. Escrow is obvious, but it introduces the problem of a third party. This is a fundamental flaw as any conventional escrow would be subject to regulation. Escrow makes Bitcoin no different to a bank or paypal transaction. As such, Bitcoin is just a geeky reinvention of the wheel.

The nearest thing to a resolution offered so far is the "web of trust", offered by a more constructive poster than yourself earlier in this thread.

But remember, if Bitcoin goes mainstream gangs of very smart people will be looking to attack it.


I don't mind if you think bitcoin is useless, because there is a disproportionate number who think it isn't. Nothing you've suggested is new, novel, or any kind of 'final solution'. So feel free to sit at the sidelines and pick nits out of your fur, leave the trading to the adults.