6 ms·
Name a technology that isn't susceptible to crooks or incompetence. Bitcoin isn't worse than anything else in that respect.
by rich-tea 7y ago
Name a technology that isn't susceptible to crooks or incompetence. Bitcoin isn't worse than anything else in that respect.
- root_axis 7y agoIt's pretty obviously worse in practice as massive heists like this are vanishingly rare except in blockchain token land.
- rich-tea 7y agoReally? https://news.google.com/search?q=Theft+stolen+-bitcoin https://news.google.com/search?q=Theft+stolen+-bitcoin
- root_axis 7y agoYou can equivocate all you'd like, but the reality is that having your cash stolen from the bank is a non-issue while having your bitcoin lost or stolen is pretty much an inevitability without careful OpSec. Your disingenuous link to a google search for "theft+stolen - bitcoin" reflects poorly on your argumentation skills.
- rich-tea 7y agoHow is it disingenuous? You said that heists were "vanishingly rare" outside of Bitcoin. As it happens, your cash in the bank is being slowly devalued via inflation as the banks are constantly making new money in the form of loans. Bitcoin being the way it is is a feature, not a bug. If you don't get it, that's fine, but don't make ridiculous claims like only bitcoin is susceptible to crime and incompetence.
- root_axis 7y ago> How is it disingenuous? You said that heists were "vanishingly rare" outside of Bitcoin. It's disingenuous because what I actually said was: "MASSIVE HEIGHTS LIKE THIS are vanishingly rare except in blockchain token land." Emphasis added to highlight your deliberate misreading of what I wrote.
- rich-tea 7y agoOh, so your point is that bitcoin-specific problems aren't a problem outside of Bitcoin. Gotcha.