On 15 March 2014 13:31, Daniel Zahn <[email protected]> wrote:
> On Mon, Mar 10, 2014 at 10:13 AM, Nathan <[email protected]> wrote

>> It's hard to credit that people are still pushing for the WMF to accept
>> Bitcoin payments after the worlds major venue for trading them, the Magic:
>> The Gathering Online Exchange, crashed and "disappeared" $500m. Obviously
>> not a safe and secure payment modality right now, where is the rush to jump
>> into something so risky?

> The risk her was trusting a centralized place with being an escrow for your
> money though,
> not Bitcoin itself.


Functionally, a currency is its social structures and how it flows -
not just the objects deemed currency themselves. It's not money unless
it flows, and Bitcoin flows through exchanges that range from
laughably inept to criminal.


- d.

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