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News Link • Bitcoin

Bitcoin Is Not as Secure, Unregulated, or Lucrative as You Might Think

  Perhaps the only thing that’s clear about Bitcoin is that it’s not going away anytime soon. Who am I to say? I’m not an economist; I’m a hacker, who has spent his career exploring and repairing large networks. And networks may very well be how the world works — financial, social, electronic, even physical.

I’m on neither “Team Bitcoin” nor “Team Global Financial System.” I’m on “Team Lets Fix This Thing.”

We do need another currency.

I’ll be blunt: Money’s gotten buggy. People who don’t realize this might be in high finance — indeed, we’ve gotten very good at moving the revenues of entire generations within a precise number of femtoseconds — but what if you’re just trying to buy a smoothie?

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