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Author Topic: Bitcoin is messy. Let’s fix it.  (Read 768 times)
kaysersoze (OP)
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January 16, 2014, 08:17:41 AM
 #1

Great article ; http://startupmanagement.org/2014/01/03/bitcoin-is-messy-lets-fix-it/


waxwing
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January 16, 2014, 08:37:34 AM
 #2

I think it's awful. The author doesn't really understand the power of decentralised systems and truly free markets. He seems to have convinced himself that the only reason the internet is great today (if it is) is because of his masterful guiding hand.

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cr1776
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January 16, 2014, 12:26:53 PM
 #3

Their web server is the thing that is messy - it has been down for the last 3 hours.

However I found another copy here:
http://www.tuicool.com/articles/iQ7zqy


He seems a bit confused about a few things, in particularly under his "Legal/Regulatory Barriers" list:

  • ...
    No protection or guarantees on transactions
    Irreversible transactions, even on incorrect ones
    ...
    First currency that doesn’t have a sovereign entity behind it

I agree with waxwing this seems to show a flaw in his understanding of bitcoin if he thinks those are problems.  Lack of a sovereign entity is a positive, irreversible transactions and guarantees on transaction would seem to require a central authority.
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January 16, 2014, 12:52:51 PM
 #4

Their web server is actually messy. Lets fix that !!!

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