...revocability and confinement are extremely important properties of secure systems and Bitcoin does not provide them...
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...until that happens Bitcoins are extremely vulnerable to compromise. Bitcoin is not a trustworthy system for currency exchange
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@bascule You realize you are making this argument in the aftermath of the biggest traditional bank heist in history?@mentalguy -
@bascule@mentalguy P.S. I'm drinking alcohol right now do my arguments may be even less accurate than usual. -
@zooko I'm drinking alcohol too... but MyCoin seems worse? -
@bascule For a ponzi, it wasn't any great shakes! MMM may have stolen $10B. The Albanian 90's Ponzi ended the gov't. https://en.wikipedia.org/wiki/List_of_Ponzi_schemes … -
@bascule So just to reiterate, this "Bitcoin" ponzi (MyCoin) is bigger than this fiat banking heist, but smaller than many fiat ponzis. - 2 more replies
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