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Bitcoin's Success With Investors Alienates Earliest Adopters
holy_calamity writes "Digital currency Bitcoin is gaining acceptance with mainstream venture capitalists, reports Technology Review, but at the price of its famed anonymity and ability to operate without central authority. Technology investors have now ploughed millions of dollars into a handful of Bitcoin-based payments and financial companies that are careful to follow financial regulations and don't offer anonymity. That's causing tensions in the community of Bitcoin enthusiasts, some of whom feel their currency's success has involved abandoning its most important features."
Nice tirade. Can you explain to us in what sense is cracking a crypto problem more ridiculous than figuring out where there are more shiny bits of rock that people like to wear in their jewelry? Both require dedicated equipment, know-how, time and effort; Both produce something that other people find valuable and want to own, but are ultimately useless on their own (oh, alright, cue the wedding ring jokes...); Both are subject to market laws of supply and demand that determine their price. After you're done with that, we'll deal with the rest of the ridiculous stuff you seem to have in the same bag as Bitcoins (HFT? seriously?).