Money is not a con. It is a very valuable invention that makes exchange of goods way more efficient. Just because something unfairly advantages some people it doesn't follow that it's not useful.
PS: Yes I heard the sarcasm in your post. It's all good.
> And the Bitcoin con has netted Satoshi over a billion dollars.
A huge amount of faith in bitcoin will be lost if Satoshi ever starts moving his btc. Its like the founder or CEO of a company - if you try to sell your stake confidence in the business evaporates.
Re:Craig Wright Is Not Satoshi Nakamoto
by tpallarino on Tuesday May 03, 2016 @01:12AM
(#11618082)
Well considering the central bank can't just manufacture new bitcoin whenever they please I'd say bitcoin is a better con than money
Re:Craig Wright Is Not Satoshi Nakamoto
by dguaraglia on Monday May 02, 2016 @06:16PM
(#11616160)
Dude, you better be careful. Don't diss the idea of Bitcoin on the internet or you'll get embroiled in a flamewar of epic proportions. The Bitcoin-acolytes are few but extremely vocal.
Re:Craig Wright Is Not Satoshi Nakamoto
by jsmthrowaway on Monday May 02, 2016 @06:23PM
(#11616211)
I have never once commented upon Bitcoin without being immediately downvoted on any forum, this thread included. Not once.
Watching the community fight is kind of depressing, because that's a lot of energy that could be channeled into positive endeavors.
Have you written a well thought argument or was it just "bitcoin is a con"? I've seen plenty of criticism of bitcoin get upvoted.
Just naming it as a con seems odd as it actually works and people buy things with it every day.
After all, what better con is there to convince millions of people that you've invented a currency, and that they should hand over real money for bits and bytes on computers you don't even control. Wright had recurrent run-ins with Australian tax authorities, so he has a strong motive to shelter his wealth in a virtual currency. The article admits that all his business relationships say Wright is the best con-man they know. And the Bitcoin con has netted Satoshi over a billion dollars.
Double plot-twist: Bitcoin isn't the con. Money is the con. All the reasons why Bitcoin is a hoax apply to the U.S. dollar and other forms of currency as well.