There seem to be a lot of mis- or non-understandings here which could be cleared up with 5 seconds of Googling, no?

At it’s peak, a share of Enron was worth $90.56. A year and a half later, it was worth $0.12.

The great orange leader is currently working hard on wrecking that. As soon as the printers are on to get enough money for that stupid wall, the dream to bath oneself in money can be realized even by poor families.

If you have a large amount of money stored somewhere, and don’t leave any word with your family as to how to access it if/when you die....that’s not a Bitcoin problem. That’s a you problem.

Crypto-currencies are booming because it’s an untraceable currency for the black market,

My point is that if you’re just saying “A thing” in extremely vague manner which specifies nothing and has odds which can’t be evaluated, you’re not really saying anything. It is equally as valid as me saying we’d better not use US currency because A Thing could happen.

There sure are a lot of “I just heard about this thing two days ago and now I’m going to rattle off opinions without learning the facts first” comments on this topic.

But you’re still just arguing “A thing could happen”. A thing could happen with the government and its money, too. There may be undiscovered things which could mess with the blockchain, but it is mathematically almost impossible that those things include “altering it without it being instantly obvious”. In which case,…

My point is that their meddling may not have been the big driver of improvement (as you are also saying), but it certainly can hurt.

Your faith that the government will just let organic economic processes play themselves out and not try to manipulate the fuck out of things is touching.

Putting it in a safe deposit box is not the same thing as depositing in a bank. Put it in a safe at your grandma’s house. Write the info down on a wooden stud inside your drywall. Encode it in a .jpg file. Whatever. Doesn’t have to be a traditional bank if that’s the hangup.

What if instead of a hacker, it was one of those old timey thieves? How much value in Bitcoin do you have sitting around in a hard drive at your place?

This American Life (I think) did an episode on crypto currencies, and was there when one was created. In the process of things, the guy doing the creation couldn’t just go offline; he had to make damn sure there was no way anyone could track him geographically, and ensure there were several levels of scrutiny, among…

Ha ha. Fortunes have been lost by people preparing for the collapse of the dollar. The sky has been falling since before you were born.

Just want to clarify that I’m saying it wasn’t appropriate for him to bring it up at that ceremony, not that it wasn’t inappropriate.

It’s not that it’s difficult, it’s that unless you can get a little more specific, it’s really a non-statement masquerading as a statement.

And once I sort things out with the bank I get my money back. Your bitcoin gets hacked and you’re just hosed.

Bitcoin’s supporters are the ones who pretend they’ve found the answer to all the perceived ills of traditional currency.

There will be vulnerabilities in future computer systems using Bitcoin, of course. Just like there are with current fiat money. But lets be careful not to confuse that with Bitcoin itself. What the Bitcoin software does is intentionally extremely limited. Its code is non-Turing-complete.

It’s not free. It’s paid for in bitcoin.