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by abc123xyz 4493 days ago
Its funny that people referred to bitcoin as a ponzy scheme

Now we know that the protocol itself is actually quite good (despite mtgox trying to blame it)

And the problem lies at the interface between bitcoin and the traditional payment systems (exchanges)

Its a pitty that Satoshi never solved the problem of distributed TRUSTLESS exchange, tho I suppose that is a problem that didnt exist until bitcoin became popular.

2 comments

> tho I suppose that is a problem that didnt exist until bitcoin became popular.

Sure it did. Cash money. Exact same problems.

"Perfect is the enemy of good"