Bitcoin Vs the Banks debate - your ideas please

[bgmc]

Target corporation got hacked and millions of users' data got stolen, leading to stolen identities, and lots of credit card fraud. But people still shop at Target, both online and in person. And people still use their credit cards. So why would a few hiccups with bitcoin kill the coin? I'm certain bitcoin will make a comeback. It just needs a few pieces of positive news (like the IRS decided to allow bitcion transactions ... good news), to help bring the users out of their FUD mindset.

[counter]

I think there need to be a form of balance kept so the individual has power and not the same old system taking over as usual.  Kind of like the bankers getting a crypto face lift and a full on psychological makeover at the same time?

[twiifm]

You should get a respected economist like L Randall Wray to speak about Modern Money Theory and bitcoin

I think theres great debate about the currency aspect of bitcoin.   Largely due to the 21M limitation.   Because of this design it behaves more like a commodity rather than a monetary instrument

And for the same reason bitcoin became popularized as a "digital gold" attracting a gold rush of specualtors.  Ironically I think its because of this quality that makes it not money