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_jtrig | 8 years ago

The entire point of Cryptocurrency is to step away from institutional trust, not dive head-first into it.

Bitcoin succeeds as a scarce and sovereign wealth management tool but once you give away the private keys, you lose those advantages.

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nosuchthing|8 years ago

Bitcoin is only scarce for late adopters, by design early adopters of BTC software generated thousands of "coins" per week for running a mining-computation node of a normal 2-3GHz CPU.

BTC's network protocol service is not unique, and thus not scarce in the least. I.E. other protocols/network designs/token-ledgers offer the same service as BTC in addition to fixing the vulnerability to BTC's hashing algorithm which has led to the ASIC attacks on the Bitcoin network which just lead to centralization by the hardware producers.

_jtrig|8 years ago

You don't understand how currency functions and you certainly don't understand how bitcoin operates.

I'll leave you to consoling yourself.