Post
Topic
Board Bitcoin Discussion
Re: Frustration at the Digital Money Forum
by
freeman
on 05/03/2011, 02:08:23 UTC
Payment processors can bring value to the bitcoin economy by facilitating ever lower transaction fees, increasing trusts, etc.

I doubt that sounds very appealing to them. Bitcoin is like a disruptive technology as explained in "The Innovator's Dilemma".  I'm pretty sure the big players in a bitcoin monetary system are not going to be related to the traditional players.  The traditional players are just too hooked on high margins to adapt.

Also, I have to wonder how many non-technical people just will not be able to accept that bitcoin could work at all.  If you don't understand the cryptography then you have to take it on faith that the system could work as designed.  It's easy for them to brand bitcoin advocates as kooks (see "Time Cube").