2013-11-23 Financial Times: The mystery of Bitcoin is how it keeps users’ trust

zeetubes

sr. member

Activity: 371

Merit: 250

Quote from: ?? on ??

One should endeavor to tip waiters with cash at each possible opportunity. Swipe fees and other things may prevent them from obtaining the total amount. Source of article: best payday loans no credit check

I always first offer to tip waiters/bartenders in mBTC. It's quite surprising how many agree even if they haven't heard of it before.

oakpacific

hero member

Activity: 784

Merit: 1000

Trust is for wimps.

Carlton Banks

legendary

Activity: 3430

Merit: 3080

The mystery of the Financial Times is how it keeps it's readers' trust.

marcus_of_augustus

legendary

Activity: 3920

Merit: 2349

Eadem mutata resurgo

The guy is a dick ... FT lost all credibility long ago when backing the bankster bailouts. They always argue from position of (false) authority and never from first principles.

Lazy old dinosaurs ... we come to eat your lunch.

daviducsb

full member

Activity: 155

Merit: 100

"a competitor not to the mint but to MasterCard – and perhaps a formidable competitor indeed, since it would not have to charge “swipe fees” of at least 2 per cent."

"a promising basis for innovation is its elegant solution to the “double spending problem”

I don't quite see the article in as negative a light as some of the posters here. While not necessarily an ardent supporter, at least he outlines some of the positive aspects.

cr1776

legendary

Activity: 4228

Merit: 1313

And how governments destroyed the value of currencies. Not to mention how gold and silver existed prior to governments as a value of exchange.

FT is just carrying water to the authoritarians.

Quote from: bitcool on November 23, 2013, 10:24:58 AM

Should pay more attention to How banks lost users' trust.

bitcool

legendary

Activity: 1441

Merit: 1000

Live and enjoy experiments

Should pay more attention to How banks lost users' trust.

neutrinox

full member

Activity: 182

Merit: 100

1MCKW9AkWj3aopC1aPegcZEf2fYNrhUQVf

http://www.ft.com/cms/s/0/960c906c-5206-11e3-adfa-00144feabdc0.html#axzz2lTrKJVHL

Annoying article in many ways.

Quote

"Each generation has its own technological superstitions. Country folk used to vault off the bottom steps of escalators. Tribal peoples feared cameras. Until relatively recently, certain impressionable readers of the book of Revelation feared the government was using monetary and credit instruments to spy on them."

Well, count yourself in this category with your irrational bitcoin fears.

Quote

"Obama administration officials who testified before the Senate were more eager to stress the high-tech upside of Bitcoin than its criminal downside. Maybe they see entrepreneurial opportunities invisible to the naked eye. Maybe they’re forgetting that currency is the business of government."

Funny, because Frank Schaeffler, a member of the German parliament’s Finance Committee just said:

“A free country should resist and not intervene in citizen’s private choice of money. In my opinion the production of money is none of the government’s business"

Topic: 2013-11-23 Financial Times: The mystery of Bitcoin is how it keeps users’ trust (Read 1080 times)