|
The principle of bitcoin is peer to peer without 'middle men' (eg banks). You control your wallet and you decide how secure you want it to be.
The problem is that that is too complicated for the masses (+ people are lazy). So people leave their coins in online wallets and at online exchange services, even though it's highly advised against. Lots of online wallets and exchange systems have disappeared, so why would anyone leave their coins there.
Would you save your real-life money at a random guy's house in your street just because he has a save at his place? No. So why would you do the online equivalent of that.
The other problem with bitcion is that it attracted so many speculators. Those people didn't see it as a useful currency, something that could change the future of online payments, but instead they saw it as a get rich quick scheme which created a bubble which made it pretty much useless as an actual currency.
Both things proof the stupidity of the masses and it also clearly shows us that things need to be regulated. No matter how good the basic idea is, people are just too stupid and that's why everything in this world is regulated.
|