Re:Coinbase Ordered to Turn Over Identities of 14,355 Crypto...
by rdiddly on Thursday November 30, 2017 @02:29PM
(#15818740)
"just because you have a CS degree and work in San Francisco, don't think you're the smartest person in the world."
That's right, because everybody knows _I'M_ the smartest person in the world!
Nobutseriously. I've never been able to articulate why I was skeptical about Bitcoin as a "currency" per se, but I think you've done it. The money problems Bitcoin claims to uniquely solve, it either doesn't really solve, or it's a solution you can easily get some other way, or it was a security-through-obscurity type of thing where agencies of oversight were ignoring it/ignorant of it -- which meant if it ever went mainstream they would catch up... and now they have. Sadly I don't think there's any escape from authoritah.
That's not to say the blockchain idea isn't useful... just not as money.
That's right, because everybody knows _I'M_ the smartest person in the world!
Nobutseriously. I've never been able to articulate why I was skeptical about Bitcoin as a "currency" per se, but I think you've done it. The money problems Bitcoin claims to uniquely solve, it either doesn't really solve, or it's a solution you can easily get some other way, or it was a security-through-obscurity type of thing where agencies of oversight were ignoring it/ignorant of it -- which meant if it ever went mainstream they would catch up... and now they have. Sadly I don't think there's any escape from authoritah.
That's not to say the blockchain idea isn't useful... just not as money.