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Re:Warning Signs About Another Giant Bitcoin Exchange by Banderly on Wednesday November 22, 2017 @10:35AM (#15757542)
Bitcoin replaces one tyranny with one that is far worse.

If it succeeded in displacing existing currencies as you attest, it would amount to an unprecedented and catastrophic redistribution and concentration of wealth.

80% of all bitcoins that can ever exist have been mined and are already owned; this is a monstrous design decision far more unjust than the inflation bitcoin sought to prevent.

Our current corrupt and stinking financial system is far preferable to the neo-feudal world of bitcoin where all spending power is concentrated in the hands of a tiny number of tech overlords who had the sheer good fortune to literally own all the money.

Re:Warning Signs About Another Giant Bitcoin Exchange by bonestamp2 on Thursday November 23, 2017 @12:12AM (#15762946)
I think you're right in a lot of ways, but that doesn't change what is happening and the best option doesn't always win.