Hacker News new | ask | show | jobs
by return0 4043 days ago
they trust them because many paragons are overseeing the system and occasionally , for example, fine the banks that rig the FX rates. it's hard to trust a commodity with a history of drugs, theft and the winklevosses. bitcoin may have almost solved the security issue but it has raised bigger trust issues.
1 comments

If we're using those as the criteria for trust[1,2], I'm totally going to stop using Wall Street-backed products :)

You've got me on the third point, however. The Winklevoss brothers do have an EFT in the works[3], but I don't think it's fair to use them as a symbol of financial malfeasance.

-----

[1] http://www.npr.org/sections/parallels/2014/03/20/291934724/a...

[2] http://www.chicagotribune.com/business/breaking/chi-hackers-...

[3] https://winklevosscapital.com/