paul2000
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December 30, 2014, 08:41:42 PM

So many high profile attacks these past few weeks involving Sony, and outages with Xbox Live, etc.

People hear bitcoin and "digital" currency. Having a website go down for a few hours is one thing... but nobody is going to be crazy enough to entrust the protocol to their savings. And the fact that value has been dropping all year doesn't help.

It's really incredible that we're still over $300 at this point. It's not going to last for long.

Only people who understand the implications of a thing being "decentralized" will "entrust the protocol to their savings". And that's the reason why smart people will be rich and the fools will be poor. IMO the implication is that Bitcoin will be one of the few things, not created by nature, that can be trusted. And in a world with increasing distrust everywhere, Bitcoin will be one of the last safe places to go.