Quote from: Rawted on January 14, 2015, 04:31:44 PM

Quote from: RodeoX on January 14, 2015, 04:19:26 PM

Quote from: riiiiising on January 14, 2015, 04:15:01 PM

More like, the "back to reality phase" that bitcoin essentially holds no advantages over traditional payment systems aside from some "pseudo anonymity" and really shouldn't be valued more than a couple dollars per coin at best.

Other than it's faster, safer and cheaper than any other payment system, which is huge.

Faster and cheaper? Of course. Safer? Not even remotely. FDIC ensures most people have nothing to worry about when it comes to USD and banking. This industry is ripe with scammers and fly by night companies. Not to mention that with the large mining farms and dedicated TX nodes Bitcoin has become more and more centralized.

Bitcoin was a great experiment. Unfortunately it has a huge flaw in its model - the human element.

There are no scammers outside of bitcoin. Yeah, sure... Huh

kutaka

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