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Topic: People don't want to invest into bitcoin because its a software - page 3. (Read 2997 times)

legendary
Activity: 3248
Merit: 1070
there is no difference in hacking your pc and steal your wallet.dat and hack your pc and steal your bank account credentials, besides that bank will cover your ass in the case they still soemthing

that is maybe the only problem of bitcoin, not enough security because you are in fully control of your money, everything comes with a downside, you need to learn to secure your coins better
sr. member
Activity: 303
Merit: 250
People can hack it  Angry

Please, don't miss a chance to invest into bitcoin, because it's a future of money
legendary
Activity: 1120
Merit: 1000
Visit an mining farm and see concrete things that are not just software.

Visit a bank mainframe to see how much of the monetary system is software, and very old one
hero member
Activity: 728
Merit: 500
You have no understanding of what bitcoin is, or how it works, and are just spouting random stuff you've heard from other uneducated people.
full member
Activity: 154
Merit: 100
That Darn Cat
legendary
Activity: 1458
Merit: 1006
member
Activity: 61
Merit: 10
People can hack it  Angry

EDIT : Some additional arguments since it was initially a troll
Bad consequences of the software thing
  • The dev can change the software dramatically (like if some scientists could change gold composition, supply etc..)
  • A software, if not perfect, is vulnerable to hack/exploit/misuse (could relate to fake gold)
  • The developpement raises the question of centralism if there is one main dev, or face the issue of statu quo if the consensus cannot be reached (no such thing in gold)
  • It can be replicated pretty easily. It faces competition from other coins or simply other blockchains if some forks are not accepted by everyone.

I don't say it's a huge problem, i just say that for a reasonable person, that's one problem when you consider investing in something that has to be solid enough.

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