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Comment by xd | Hacker News Reader

It shows your customers that you are a forward thinking company.

Bit of a loaded assumption that; accepting bitcoin has nothing to do with being forward thinking.

Bitcoin appeals to human greed, that's it. The comments comparing this to Linux and TCP/IP is apples and oranges.

Why would I as a hard working member of my society with a house and kids invest money into a system completely unregulated. I'm all ears.

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>Bitcoin appeals to human greed, that's it

Much of the motivation of the founders and enthusiasts was that governments and existing financial systems are flawed so it may be valuable to have a peer to peer financial system outside of that.

Flawed how? This is a problem solving furum keep in mind.

Dunno - Szabo tweets a bit about Venezuela and the old communist famines. That kind of stuff I guess.

at a base level its regulation is completely transparent and algorithmic, unlike the closed-door regime of central banking.

You invest in bitcoin and lose your key or it's stolen.. how does that work out in the end?

Edit: don't get me wrong, I have crypto currency I've blown many a kw/h on. But you can not as a society rely on a currency with such flaws. Hell maybe insurance startups will popup to handle the issue but I'm not holding my breath.

because it's not your society. it's that of your elites.

The distribution and concentration of bitcoin and its mining resources makes even decidedly unequal societies look like socialist utopias.

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