Bitcoin ‘Ought to Be Outlawed,’ Nobel Prize Winner Stiglitz Says

Re:Bitcoin ‘Ought to Be Outlawed,’ Nobel Prize Winner Stigli... by baby on Wednesday November 29, 2017 @08:25PM (#15812604)

It’s never going to be useful if it doesn’t get adopted/get traction. The raise has attracted a LOT of people. We’re at a point where even my grand mother is starting to hear/read about it in the news. We’re at a point where my parents are thinking of investing in bitcoin.

At some point. When this hype and unstability will have allowed for tools and bridges to be built, it will be not be welcome anymore.

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Re:Bitcoin ‘Ought to Be Outlawed,’ Nobel Prize Winner Stigli... by mediaman on Wednesday November 29, 2017 @08:41PM (#15812708)

I think you are saying that the publicity of Bitcoin will have created awareness of blockchain concepts, and from the ashes of Bitcoin will rise a blockchain that could be a good currency, and that new blockchain couldn't get awareness without BC's headline-grabbing hype that clears the way.

That makes sense. Maybe BC is just the sacrificial starter we needed to ultimately result in adoption of a blockchain that works better. And some people will make a lot of money from BC, some people will lose a lot, and in the end we'll get something better.

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Re:Bitcoin ‘Ought to Be Outlawed,’ Nobel Prize Winner Stigli... by baby on Thursday November 30, 2017 @06:07AM (#15814896)

I'm not saying that this will happen for a different blockchain since the tools are mainly buing built for bitcoin.

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