I'm torn between liking stories that shine a skeptical light on the bitcoin fad and being appalled at how much coverage bitcoin gets on HN. The "hiring" thread for June was pushed off the front page in less than a day, but we've had, what, 5 bitcoin stories hit the front page in the same time period?<p>I think it's time for some REPL intervention.
I love this comment: "UPDATE: The EFF is still unofficially accepting Bitcoins, but their address has changed to: 16g5mes4kW1gpX9Vp1F5VG7HXqN8ySar9EI've just donated a few BTCs to help them protect the freedom of the Internet - please help them too!" Nice one "Rebecca S. Reagan"!
There's a website that shows you how much money you've received, from whom, and how much you have now? Wow, the public nature of bitcoin had never sunk in until I saw that.<p>It's like my wallet is open to everyone!
I'm not a big fan of bitcoins, but if there's anything I would want to buy with them, it'd be a donation to the EFF. Somehow, that just seems to fit together in my mind.<p>I hope they review what they need to and decide to put the donation link back.
"The U.S. Supreme Court’s Citizens United ruling which allows anonymous spending in the campaign finance environment and its impact on elections may be one of the issues triggering this review by the EFF."<p>Sorry, but what does that have to do with it? The ruling is a 1A issue.
all those who naysay - why not yasay or say nothing at all?<p>i get a big impression that all(most) would at least agree what we have in place now is more flawed than bitcoin. corruption is but a moral decision away (to those in the right positions). politics are slimy, and rub off on current currency models. violence has strong leverage over societies current credit symbol (crack-head in dark alley - good luck punching your way into my SSH box on the other side of the world. and if you do, ill just make a transaction, rendering my wallet you stole useless).<p>whats holding you back from going all in? hmm, IF ONLY everyone would put some faith behind a new system, and accept it as the new standard. that system could grow, and overtake the current shady one in place (or at least parallel it). it could become as common as visa, accepted everywhere.<p>ahhh, but not everyone will adopt this overnight - it will be a long slow road. don't look for the overnight solution. if i told you bitcoin would overtake the worlds currencies in 100 years, would it be worth taking a slight risk now? what have we got to lose? a shitty status quo?<p>FULL DISCLOSURE
honestly, i don't have any bitcoin ...yet. and i say all this by ignoring the fact there seems to be at least a slight whiff of scam afoot... perhaps a few admins with access to a few petaflops are laughing away printing these bits like water... as long as that's not the case, wellll, GO BITCOIN! but even GIVEN that scenario, it would be just as easy (if not easier) for many more people to print counterfeit paper. but at least there is a maximum amount that can be scammed in bitcoin, and then that's that - bitcoin could live on and fulfill its purpose.
It's kind of funny to watch people trying to justify not having bought in earlier, with the logic that it's going to crash. Good old sunk costs fallacy.<p>Yeah maybe it'll crash one day. Maybe it'll go from $1000 clean down to $100, destroying much of the world economy (i.e. that part that was backed by speculation rather than real stuff to begin with) in the process.
Two negative parts of BC, 1 - A group of nerdy/freedom-chasing (that's a complement) say no to it without any reason (such as legal advice on it), 2 - Read the first comment of the blog post.