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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I tried for five minutes in good faith to understand the case for bitcoin. I couldn’t, so I’m not going to buy any. [/quote]

I've read 4 books (two for and two against) and still don't know but lean toward it's better to have money centrally controlled. As an asset, I don't agree. As a speculation tool, I don't agree. As a store of value -- this is where I get stuck and it's very philosophical but I don't see gold as a store of value (or asset) either. Why would BTC be a store of value above and beyond the dollar.

Yadda yadda -- it's not prone to inflation because the supply is fixed. But it is prone to inflation -- when it drops in value your spending power decreases -- that's a type of inflation. So what's the point other than anonymity and decentralization? I don't know about you but I like knowing I can file a chargeback or reverse a transaction, which requires a centralized authority of some kind.[/quote]

It's absolutely better to have money centrally controlled. The deflationary aspect of bitcoin is awful.

Even if you're a true believer in cryptocurrency, bitcoin has no future. All of the interesting things with cryptocurrency requires smart contracts.

But "interesting" doesn't meant "good idea." Even those are awful. It turns out we can't write code without bugs- do you really want buggy code being able to wipe out your assets with no way to recover?[/quote]

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