2013-11-08 ZDNET Why dollars are better than bitcoins (and always will be) - page 2.

oue.st

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Oh, and you should consult the Bitcoin FAQ before making outlandish claims. Also check this page before telling me how anti-hack and theft-proof Bitcoin is too.

Still don't understand how people can mix up bitcoin network (which never been hacked) and marketplaces (who do). It's like saying dollar is shit each time that a bank get robbered.

Steveia

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If you have to purchase a currency in order to buy stuff that you can buy anyway, there's something screwy about that.

This is perhaps the most true. But one must understand the important reasons why this is, instead of just traducing it. There are issues related to charge backs, credit scores, privacy, transcending legal boundaries, and a train of other reasons.

There is more to Bitcoin than just buying "stuff."

djalexr

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it makes me want to pull my eyes out

superduh

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http://www.zdnet.com/why-dollars-are-better-than-bitcoins-and-always-will-be-7000022986/

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The ideologies and my responses:

Distributed currency - Who cares? What's the real advantage to that?
No government or bank controls it - OK. Again, so what?
Transactions are anonymous - Not true at all but why should that matter unless you're doing something that requires anonymity**? Use cash instead.

followed by

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After all that, here's what I really think of Bitcoin and the whole Bitcoin frenzy:

Bitcoin was an experiment—an anonymously created project and that's all.
Bitcoin is interesting from a purely esoteric point-of-view not a practical one.
People will fall for just about anything that they think is anti-government.
People will fall for just about anything.
Just about anything can be used as currency.
Being distributed is no advantage.
Being P2P is no advantage.
Not being controlled by a bank or government is no advantage.
Bitcoins are susceptible to theft and hacking.
Bitcoin transactions are not anonymous.
It's mostly hype and ideology.
The hype is derived from a clever marketing plan perpetrated to artificially raise the value of something that has no value.
Is more akin to cigarettes in prison rather than a real world currency.
Just because people are jumping on the bandwagon doesn't make it something you should get involved with***.
It's OK with me if people use Bitcoin, however, don't try to pay me with it.
I don't care if there are Bitcoin vending machines. Cigarettes used to be sold in vending machines too.
The perceived value is too volatile for a real currency.
Bitcoin is a bad name. It should have been Bitbucks or Bitbux. Bad call.
Just because you like it, doesn't mean anyone else has to. I don't like bubble tea either, so what.
In ten years, Bitcoin will be one of the things you laugh about.
If you have to purchase a currency in order to buy stuff that you can buy anyway, there's something screwy about that.

i will refrain from making obvious comments about the author

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