The Pirate Effect

The Pirate Effect - #Bitcoin

Or: how I learned to stop worrying and love market fundamentals. An interesting thing is happening in the Bitcoin community of late. We've always been a naturally suspicious lot, questioning the motives and track record of anyone or anything placed before us, but lately these suspicions have been... shall we say, overzealous? Since day one of their existence, for example, healthy skepticism has surrounded Butterfly Labs. Their actual history has shown them to be quite good at some things and not so good at others and while I have assurances they're working to correct these things, it's not unreasonable to be skeptical about them. It's not just BFL though, the complaint rate of nearly every Bitcoin business seems to be through the roof right now with accusations of fraud flying toward reputable business after reputable business. It seems that any time something doesn't go p...

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