Hmmm. Not so sure. As was proven conclusively at the dawn of Ripple, a Bitcoin-IOU is not a Bitcoin. But unthinking users will treat them as such. Until they get burned, and end up holding a bag of Bitcoin-IOUs that no one will redeem into Bitcoins.
I realized this too. See the bottom of the article in the OP for my comment on a possible solution. 
Topic: A more robust Bitcoin ecosystem (Read 969 times)
Hmmm. Not so sure. As was proven conclusively at the dawn of Ripple, a Bitcoin-IOU is not a Bitcoin. But unthinking users will treat them as such. Until they get burned, and end up holding a bag of Bitcoin-IOUs that no one will redeem into Bitcoins.
Fully agree. A BTC exchange is just a transplant from fiat economy where it is regulated and safely netted. Why have an exchange when a blockchain is all we needed ? And we already had it, didn't we ? So why did we not use it ?
Human nature perhaps. This forum is replete with seniors and other folks calling certain services pure scams...people read them...still decide to send them their BTC...just in case it works and coming back to begin threads on this service and that and describing how they got cheated.
Human nature perhaps. This forum is replete with seniors and other folks calling certain services pure scams...people read them...still decide to send them their BTC...just in case it works and coming back to begin threads on this service and that and describing how they got cheated.
Bitstamp inspired me to write about how Bitcoin could not only decentralize currency but how it could decentralize the infrastructure that supports the Bitcoin economy. Of inspiration was also a TED talk by Guy Kawasaki: https://www.youtube.com/watch?v=Mtjatz9r-Vc&feature=youtu.be&t=1m56s
I wrote it from the perspective of an entrepreneur: Everyone is talking about the democratization and decentralization the Internet and Bitcoin brought but rarely do people really ask themselves how this could be applied to the infrastructure we (Bitcoin ethusiasts) deal with all day.
Here is the article: http://consensus-analytics.com/bitstamp-breach-next-big-platform/
I wrote it from the perspective of an entrepreneur: Everyone is talking about the democratization and decentralization the Internet and Bitcoin brought but rarely do people really ask themselves how this could be applied to the infrastructure we (Bitcoin ethusiasts) deal with all day.
Here is the article: http://consensus-analytics.com/bitstamp-breach-next-big-platform/
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