Establishing Trust In The Bitcoin Ecosystemhttp://techcrunch.com/2015/04/16/people-arent-algorithms-or-an-argument-for-establishing-trust-in-the-bitcoin-ecosystem/It’s unfortunate but true that while entrepreneurs and venture capitalists have been focused on the technology, the media and therefore the public has been focused on the bad actors building criminal or negligent enterprises on top of that same technology. We’ve all see the headlines:
“The Inside Story of Mt. Gox, Bitcoin’s $460 million disaster” (Wired, March 3, 2014); “Texas Man Charged with Running Bitcoin Ponzi Scheme” (Wall Street Journal, November 6, 2014); “Ross Ulbricht Convicted of Running Silk Road as Dread Pirate Roberts” (Bloomberg, February 4, 2015); “2 Former Federal Agents Charged with Stealing Bitcoin during Silk Road Probe” (CNN.com, March 30, 2015); “Board Member Olivier Janssens Leaking Damning Facts about Bitcoin Foundation” (CoinTelegraph, April 5, 2015).
Headlines with words like “disaster,” “ponzi,” “pirate,” “stealing” and “damning” don’t particularly make bitcoin something you want to introduce to your mother.
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