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.
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.