Post
Topic
Board Bitcoin Discussion
Re: Watching amateur finance types flail
by
Jaime Frontero
on 27/06/2011, 05:01:01 UTC
I'm curious what attracted John's interest in bitcoin. It's interesting to see so many financial experts are watching it. I see the main difference from previous attempts at digital cash is that there is no way to stop people from using it and its at least as untraceable (and untaxable) as regular cash.

you answer your own question:

Quote
I'm curious what attracted John's interest in bitcoin.

...thusly:

Quote
...there is no way to stop people from using it...

he can't make any money from Bitcoin, other than as a miner or a participant.  "professional" finance types don't like exposure to risk reality.  they want to make money without touching, earning, or creating it.  and if one of their investments tanks, they were only advisors - not vested.

hence; naked credit default swaps.

Bitcoin isn't like that, is it?