Quote (LulzSec @ Mar 10 2014 11:30pm)
I don't expect you to take my word for it, but it's not my place to teach u the basics, when you can simply google the keywords for bitcoin protocol. After you believe you have an understanding of its fail safes and scarceness, you can have a conversation regarding such.
It's like asking a coder to explain how the language was developed, aka irrelevant, it's usage and limitations are all that is important.
Another Evangelical Bitcoin Idealist embarrassing himself, the protocol that governs it is not perfect or anywhere near finished, there are many things yet to be implemented through revisions that will need to be included before mass adoption is considered. As for Azrad, his understanding of the Bitcoin protocol is not even in question here, the base concepts of it are fairly straight forward, the real problem is your naive outlook and position on currency valuation which does not in anyway relate with how things actually work.
For now, Bitcoin will remain a speculative currency, somewhere for people to play games of arbitrage between actual currencies to try and come out ahead.
.
This post was edited by killgoreisleet on Mar 11 2014 01:33am