Bitcoin exchange compromises to-date feel like a pretty good argument for the old school money transmitter systems...
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Replying to @bascule
...revocability and confinement are extremely important properties of secure systems and Bitcoin does not provide them...
2 replies 1 retweet 5 likes -
Replying to @bascule
...until that happens Bitcoins are extremely vulnerable to compromise. Bitcoin is not a trustworthy system for currency exchange
3 replies 2 retweets 7 likes -
Replying to @bascule
@bascule You realize you are making this argument in the aftermath of the biggest traditional bank heist in history?@mentalguy1 reply 0 retweets 0 likes -
Replying to @zooko
@bascule@mentalguy Meaning http://www.nytimes.com/2015/02/15/world/bank-hackers-steal-millions-via-malware.html?_r=0 …1 reply 1 retweet 1 like -
Replying to @zooko
@bascule@mentalguy P.S. I'm drinking alcohol right now do my arguments may be even less accurate than usual.1 reply 0 retweets 0 likes -
Replying to @bascule
@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 …1 reply 0 retweets 0 likes
@zooko ...should probably be adjusted for GPV too. Bitcoin economy is about the same size as Square
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