[Cryptography] What has Bitcoin achieved?
Dave Horsfall
dave at horsfall.org
Wed Jun 25 13:56:40 EDT 2014
[ I somehow missed the original; it's IanG quoting JohnL ]
> > (I realize nobody uses checks in Australia any more, but substitute
> > whatever you use to tell your bank to pay bills.)
Please don't make blanket statements like that. I still use cheques for
those organisations that do not take EFTPOS (small clubs etc), and I do
not trust PayPal because unlike my Credit Union they are not governed by
financial regulations; well, not last time I looked anyway.
I don't use Bitcoin because it appears to be far too speculative (witness
the joe-jobs on them, for example), and to get a decent return means
investing in expensive hardware, hoping to make enough to cover your
electricity bills and air-conditioning.
Of course, I could be wrong, but that's the impression I get. I'm willing
to be convinced otherwise, but then there's the matter of the dedicated
hardware or the ASICs to purchase...
-- Dave
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