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by mianosm
586 days ago
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How well do investors understand the underlying network of computers required to maintain the public ledger and the trust and integrity of the digital currency, though? Until nation-states fund and invest in the infrastructure, finding your confidence in cryptocurrency with little to no regulation is a massive risk. |
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There are many arguments against bitcoin, but I have a hard time investing in this one.
A lot of the people investing in bitcoin are doing so specifically to hedge against nation-states. It is decentralized FOSS based on sound mathematics. If this was really a concern, wouldn't people be skeptical of TLS to access your bank? One of the most popular TLS algorithms was written largely by DJB (not a nation-state).