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by notzorbo3
3248 days ago
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A few years ago, a substantial amount of money was accidentally wired to my bank account. After about a month, I got a letter from the bank if I agreed on that money being wired back to the sender. I agreed, because I knew the implications. With a technology like bitcoin, where receivers are pseudononymous, that would have never been possible. Noone except for those who wish to remain pseudononymous will ever use bitcoin for any real-world scenarios. The costs are higher, the risks are higher, it doesn't scale, there are no checks and balances. I don't want bitcoin for the same reason I don't want an AI to run national defenses. |
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