Thursday, January 23, 2014

Bitcoin Criticism

Here's a pretty good summary of Bitcoin criticism from Naked Capitalism.

(Having some trouble linking through to the Financial Times article referenced - will get that going soon)

The growing criticism of Bitcoin basically boils down to:

1) Its value fluctuates wildly
2) It is even more opaque than current fiat of money  
3) It is not anonymous -each Bitcoin contains the complete record of every transaction it has ever been involved in! 

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