[eof]

"end of story" so so silly. this thing is 5 years old and tens of millions of dollars of wallets have been stolen. the story is currently peaking, not ending. the real way the story will play out is that solutions will come into existence so the 'normals' don't get pwned as much.

[glesica]

You mean like currency that is centrally controlled and physical and can be kept nice and safe in a bank? Oh wait, already have that, people call it "money".

Most people don't want to live in the wild west, that is a fact, and that's why the wild west went out of existence. There will always be some people who want to live dangerously / adventurously, but their experiences and preferences do not generalize to the entire population.

[eof]

the problem with your counter argument is that it ignores the basic, undeniable fact: what you are referring to as "money", presumably government fiat: euro, dollar, yen, etc.. has certain flaws that bitcoin does not (not to say bitcoin doesn't have it own, different flaws), namely: government fiat, historically, has always been deflated; with the vast majority of fiat currencies eventually becoming worthless due to the government abusing the currency or losing their power; and, contemporary "money" is subject to restrictions, capital control laws, etc.. which some people find to be too cumbersome.

bitcoin has answer for these undeniable flaws; and besides.. no one is saying that "the entire population" needs to do anything. bitcoin can (and at this point, almost certainly will) exist right along side all these "real" monies you refer to; and people can choose, or not, to use bitcoin (and part of what is appealing to me, and likely others.. is that regardless of what any laws say, I can still "choose" to use bitcoin even if some jurisdiction delclares it illegal--unlike fiat.. where if the government decides i shouldn't have access to my money they can simply shut me down with zero recourse if the courts (or despots, depending on jurisdiction) don't see my side.

[glesica]

Value in government money gets inflated away. Sure, someday that will probably happen. Someday, our entire civilization will collapse (every civilization in history has done the same). Unless you think we're close to a total collapse of the global financial system, your money isn't going anywhere, especially if you put it into non-currency investments. If you do think we're about to fall off a cliff, then your Bitcoins will be basically worthless because we're about to enter a period of relative lawlessness with greatly reduced access to information and the Bitcoin network probably won't survive (or the Bitcoins will be plundered by rogue information-pirates or something weird like that).

If you want to mess around with Bitcoin, awesome, but please don't see it as more than it is: a toy for the privileged.

[chm]

> "has always been deflated"

I think you meant inflated.

[MaysonL]

Whereas bitcoin is computational fiat money.

[eof]

i'm not sure fiat means what you think it means

[mtgx]

How did the "wild wild west" go out of existence? By becoming civilized. That's what will happen to Bitcoin, too.

Also, there is no distinction between "money" and "Bitcoin". Bitcoin is just another currency like USD, euros, yens, etc. It's people's choice all over the world in what currency to keep their money in a "bank".

[glesica]

If Bitcoin becomes "civilized" then why would anyone use it? The whole argument in favor of Bitcoin is that it is the "wild wild west" of currencies.