Originally Posted by ilnjscb

To a certain extent, civilization evolved around gold and silver. Look at the pervasiveness of the denarius even today. Certainly a digital currency is a logical step, but there are serious flaws in bitcoin that have nothing to do with the theory of it. "Take what you need, give what you can" how'd that work out? We live in a world of humans, most of whom have no scruples about downing their fellow man for their own benefit. The very nature of bitcoin divorces theft from its visceral impact. Karpeles, who I believe did steal the mt gox coins, felt that it was ok because he was stealing numbers from faceless nerds who were only going too buy drugs anyway. Bitcoin makes stealing logical, impersonal, challenging like a math problem, and non confrontational. Until bitcoin theft is made more difficult or de-incentivized, you will have groups of the smartest people in the world seeking to make tuum into meum.