Re:Bitcoin is the Segway of Currency
by mrb on Thursday November 21, 2013 @05:17PM
(#6777923)
Wow, what a misinformed article.
- the author doesn't realize irreversible transactions is actually a benefit for merchants
- the author incorrectly uses the term "ponzi scheme" (he applies it to gold as well)
- the author is unaware of rapid adoption of Bitcoin by merchants (BitPay's 10,000 merchants...)
- the author is unaware of many practical benefits of bitcoin (people escaping their country's inflationary currencies, sending money abroad with lower fees, etc)
- the author doesn't realize irreversible transactions is actually a benefit for merchants
- the author incorrectly uses the term "ponzi scheme" (he applies it to gold as well)
- the author is unaware of rapid adoption of Bitcoin by merchants (BitPay's 10,000 merchants...)
- the author is unaware of many practical benefits of bitcoin (people escaping their country's inflationary currencies, sending money abroad with lower fees, etc)