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by martinSlovakia 4348 days ago
Hi all, please for anybody's sake, can you explain me why the world is accepting something that we know is unsecured properly? Sometimes money just disappear etc..
3 comments

Is there any properly secured money? Each type of money has its flaws and its advantages. For one, bitcoin is traceable to a certain degree, whreas a paper bill is not.

>Sometimes money just disappear

Are you talking about fiat money or bitcoin?

bitcoin
Sorry, it was rethorical. I wanted to point out that fiat money disappears all the time. I lose money all the time; it falls out of my pocket, I forget where I put it... However I have never lost any amount of bitcoin.
What do you mean by "just disappear"? People lose it, but because they lose the keys or passwords. It's not like the protocol causes it to poof away out of nowhere. It's entirely user error, and not terribly hard errors to avoid at that.
I meant bitcoins stolen by hackers - in digital world where is practically no anonymity..

..and what about that idea, where you buy HW with graphics card and you can earn bitcoins? It sounds so simple and unbelievable imho. That's why I am curious.

Bitcoins won't disappear unless you lose control of the private key, or if you do something foolish like use a 'brain wallet' with poor entropy or pretend that an unregulated exchange is a bank and give them all of your money.
Just look for it on Google - http://goo.gl/zKuX4S

I am too skeptic about this whole new IT/Finance bubble. If I am wrong please correct me.

Nothing in that Google results page contradicts what I have said.

In cases where bitcoins have been stolen it is because the person failed to secure their wallet, used an insecure wallet (such as brain coins), or foolishly entrusted their wallet to an untrustworthy third party (such as MtGox).

Can you provide me with any proof? I am still not convinced why should I trust bitcoin.. but my karma is going down here.. pretty strange huh :-)