Bitcoin's Use in Commerce Keeps Falling

Re:Bitcoin's Use in Commerce Keeps Falling by tedunangst on Sunday August 26, 2018 @02:07PM (#17847029)

I have no idea how switching to bitcoin for currency would prevent Enron.

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Re:Bitcoin's Use in Commerce Keeps Falling by redisman on Sunday August 26, 2018 @07:21PM (#17848460)

Or something like a bank run. If everyone started cashing out their BTC then.. the price would crash. I guess you'd still have your 0$ in the real world bitcoins as consolation.

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Re:Bitcoin's Use in Commerce Keeps Falling by salawat on Sunday August 26, 2018 @03:37PM (#17847458)

I'm not saying it would. I was using Enron as an example of a case where people ended up losing a ton of value in terms of life savings disappearing.

Bitcoin if anything exacerbates the "poof' likelihood of value.

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Re:Bitcoin's Use in Commerce Keeps Falling by dragontamer on Monday August 27, 2018 @08:54AM (#17851144)

> I'm not saying it would. I was using Enron as an example of a case where people ended up losing a ton of value in terms of life savings disappearing.

You mean like MT. Gox?

Because people are still losing tons of money over Bitcoin.

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