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View Diary: Please don't hate Bitcoin (57 comments)

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  •  No, that is not all (1+ / 0-)
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    RichM

    The reasons for those belief are entirely different. The essential plug for Bitcoin is, "This time is really, really different, but we can't explain how because we don't understand it either." And there is no recourse if anything goes wrong.

    The case for money includes regulation and the vast wealth that humanity has built up and can commit to backing the money. In some cases, like insured bank deposits, the commitment has already been made, and reserves put away.

    Back off, man. I'm a logician.—GOPBusters™

    by Mokurai on Tue Mar 04, 2014 at 12:30:43 AM PST

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