Bitcoin

Out of context: Reply #954

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  • yuekit0

    This is from a Wall Street Journal editorial a few days ago. We are living in strange times.

    yuekit 0Permalink
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    • But it can't replace the petrodollar?
      I mean structurally and practically, not morally or otehrwise.      detritus
    • I assume BTC will implode dramatically when people sense the bubble's about to pop and they all make a run on cashing in their investment.detritus
    • ..of course, that could be just sour grapes from someone who's bored themselves saying so often, limply "I should've bought last month".detritus
    • My main worry with BTC is at some point it's simply going to represent too juicy a target for the world's black hatters to NOT bother with.detritus
    • I'd say the biggest threat at this point is government regulationyuekit
    • Perhaps, but I imagine that might be fairly hackable, regardless?detritus
    • Hmmm my perception is that it's safe as long as you keep your coins at a major exchange such as Coinbase... but who knows.yuekit
    • Perhaps. I tend to assume everything connected to the net's got a chance of being hacked - esp. if it's a repository for highly valuable bits...detritus
    • eg. https://www.theguard…detritus
    • ...although I've probably watched too many defCon talks :)detritus
    • Let's put it this way, Coinbase is big enough at this point that if it was hacked it would be a major shitfest.yuekit
    • Yeah, that's the thing - Uncle Sam's got the world's most powerful military backing its currency. All bitcoin's got is the prospect of shadenfreude..detritus
    • d'oh, 'schadenfreude'detritus
    • Coinbase keeps 2% onlineBH26
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