A Rebuttal To Charles Stross About Bitcoin

Posted by Soulskill on Wednesday January 8, 2014 @10:41AM from the opinions-are-like-cryptocurrencies dept.

New submitter buddha379 writes "Over the holidays we discussed a story from SF author Charles Stross called 'Why I Want Bitcoin to Die in a Fire,' just as Bitcoin's price collapsed on news of the Chinese government's cautious approach to the fledgling internet currency. Well known economist Paul Krugman quoted the piece in a NY Times blog post called 'Bitcoin is Evil'. Now, with U.S. regulators reaffirming their hands off approach, U.S. companies embracing it and prices surging again, Bitcoin Magazine returns with a rebuttal called 'Why Charles Stross Doesn't Know a Thing about Bitcoin.' The article notes that like many other popular pieces, Stross' story seems to 'completely miss the point on why Bitcoin is a revolutionary concept.'"

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Re:Bitcoin is vulernable to government manipulatio by steveg · 2014-01-08 12:53 · Score: 1, Troll

So how are you disagreeing with Stross?
He's telling you that the investment bankers are a problem. Bitcoin introduces a new class of people that are a bigger problem. He's not defending investment bankers, he's suggesting that we shouldn't be encouraging that sort of behavior.

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Ignorance killed the cat. Curiosity was framed.