Thought for the Day - 30 January 2018

So, there's a braying replacement for New Gold called bitcoin. You may have heard of it and there have been numerous reports that actually spending it can be a clusterfuck. Now, it turns out, the attempts to augment transactions have led to pilfering. Isn't Bitcoin, et al supposed to be super-duper secure?? Right.

The whole point of Bitcoin was to get rid of the middlemen that dominate the financial system. But in the past few years, most bitcoin buying and selling has been conducted using middlemen--the exchanges that let people turn traditional currencies into digital coins. Users have flocked to exchanges in part because the original Bitcoin network can't process enough transactions to allow for seamless trading.

Not to mention the damn gummint. Off to the Yukon!!!