Hacker News new | past | comments | ask | show | jobs | submit login
Bitcoin is not compatible with the State (oleganza.com)
5 points by wslh on Oct 8, 2014 | hide | past | favorite | 2 comments



Is it even possible for Bitcoin, or any theoretical crypto-currency, to replace fiat currency on the scale we use it at?


It's not compatible with any country outside of those suffering from hyperinflation. The problem with Bitcoin is its speculative element. I understand it can't keep its bold claims implementing a currency board, but if Bitcoin was tied to the dollar, billions would be using it already.




Join us for AI Startup School this June 16-17 in San Francisco!

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: