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Bitcoin's Success With Investors Alienates Earliest Adopters

Posted by timothy on from the who-has-the-gold-wins dept.

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."

5 of 158 comments (clear)

  1. Hipsters by Anonymous Coward · · Score: 5, Funny

    "I liked Bitcoin before it was cool. It's too mainstream now"

    1. Re:Hipsters by seepho · · Score: 5, Funny

      I encode my wallet file using touch tones and pressed a recording of it onto vinyl. The smoothness on the waveform of the 3/6/9 keys adds a certain warmth to my financial transactions.

  2. nothing acceptable without "sellout" by swschrad · · Score: 2, Funny

    also, no "free as in beer" and no "quality goes in before the name goes on." the news knocked me right off my unicorn, and I am so embarassed...

    --
    if this is supposed to be a new economy, how come they still want my old fashioned money?
  3. Re:If you... by Anonymous Coward · · Score: 3, Funny

    I never read articles pertaining to bitcoin; I just read the /. comments with a bucket of popcorn.

    The hysteria from both sides is going to get a lot better as the bitcoinpocalypse approaches.

  4. Re:Bitcoin versus Real Money by Anonymous Coward · · Score: 4, Funny

    I paid cash for a Fiat. Worst car I ever owned.