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Re:BadEconomics: Putting $400M of Bitcoin on your company ba... by minitoar on Monday January 04, 2021 @12:37PM (#25634887)
Unfortunate they called it a 'coin' then. Maybe it should've been Bitgold. Digimetal.
Re:BadEconomics: Putting $400M of Bitcoin on your company ba... by thinkmassive on Monday January 04, 2021 @01:13PM (#25635477)
The name Bit Gold was already recently used for a similar project by Nick Szabo when Bitcoin was announced: https://nakamotoinstitute.org/bit-gold/

Contrary to what many people who only recently discovered Bitcoin probably believe, it was not created in a vacuum as some Ponzi scheme. Instead it was a concept that had been iterated on for decades until Satoshi discovered the right combination of cryptographic technologies and economic incentives to make a so-far-unstoppable decentralized digital currency.

Re:BadEconomics: Putting $400M of Bitcoin on your company ba... by arcticbull on Monday January 04, 2021 @02:27PM (#25636586)
Well, Satoshi was more than likely Paul Calder Le Roux who wanted a way to launder the proceeds of his crime network.

> Instead it was a concept that had been iterated on for decades until Satoshi discovered the right combination of cryptographic technologies and economic incentives to make a so-far-unstoppable decentralized digital currency.

You know how that sounds right? Like religion, not clear-headed thinking.

Re:BadEconomics: Putting $400M of Bitcoin on your company ba... by thinkmassive on Monday January 04, 2021 @04:10PM (#25638106)
I expect Bitcoin to affect monetary systems in a way similar to how FOSS changed software.

My opinion is neither of those is a religion. The development of Bitcoin in particular sounds more like following the scientific method to me, but you're entitled to your own interpretation.