the most sensible thing to be stated in this thread is that BTC is a rube goldberg machine. bitcoin and everything todate related is simply an overkill in complication for a p2p currency.
the blockchain idea leads to too much complications trying to plug its obvious flaws, leading to the biggest flaw of them all complication itself.
as i say its a currency not a mission to mars.
and the extant financial technology
isn't a rube goldberg machine?
I mean, I'll give yah that, they are both rube goldberg machines - the difference is that with bitcoin everyone knows how it works (well, one
can know how it works). The extant financial system..... not so much.
and, IMO, currency is much much more complicated than a mission to mars. That's merely getting from point A to point B. Currency is a monstrous technology in comparison - a device we use to store value, transfer time, exchange intangibles. We will, someday, get to mars. But we won't get there without currency providing a means to allow civilization to network.
yes but your comparing apples and oranges here on so many fronts, where to begin;
1) average joe's use fiat (without fully understanding it) because they have to, no one has to use bitcoin.
2) average joe's whether (unfounded or not) trust gov backed fiat (partly also because they have too), bitcoin your trusting yourself (well and also an anon dev with a billion $ stash), too trust bitcoin you kinda have to understand it, to trust fiat you can do it blindly (and again really have no choice).
