[2015-01-30] Why Apple Pay And Dollars Are Killing Bitcoin

[zakoliverz]

http://www.forbes.com/sites/greatspeculations/2015/01/29/why-apple-pay-and-dollars-are-killing-bitcoin/

The irony of Bitcoin’s fall is that some of the attributes that initially made it so attractive to its backers like no centralized banking control, lax regulation and no transaction fees, are the very same things that are actually causing its demise. These types of decentralized monetary systems never work, since valuations are allowed to fluctuate wildly and there is a lack of trust in the system. It’s simply not safe to hold Bitcoin. Look no further than the major exchanges, which have either gone bankrupt (Mt. Gox) or suffered major security lapses (Bitstamp). Both of which cost investors millions of dollars in unrecoverable losses.

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[cr1776]

Yeah, decentralized things with no regs like gold never work. :-)

This guy isn't a regular columnist, no wonder he is uninformed

[LiteCoinGuy]

Apple will kill it...yeah 

[bitbouillion]

It’s basically an elaborate Ponzi scheme.

I stopped reading here. This guy has no clue, reading his moronic statements is just waste of time.

[Chef Ramsay]

While the link makes points about how this unregulated market succumbed to the bad actors be it exchanges or hackers, it's the freedom to innovate in a free market that will allow crypto to prosper. Reputation and credibility goes a long way to instill trust and some people just made off with what they could and never looked back tho it does seem like much of this malfeasance has been flushed out at this point.

[Kprawn]

http://www.forbes.com/sites/greatspeculations/2015/01/29/why-apple-pay-and-dollars-are-killing-bitcoin/

These types of decentralized monetary systems never work, since valuations are allowed to fluctuate wildly and there is a lack of trust in the system.

This is where I stopped taking this serious. How many decentralized monetary systems were there before Bitcoin? Thumb sucker!