On 15 March 2014 13:31, Daniel Zahn <dzahn(a)wikimedia.org> wrote:
On Mon, Mar 10, 2014 at 10:13 AM, Nathan
<nawrich(a)gmail.com> wrote
> It's hard to credit that people are still
pushing for the WMF to accept
> Bitcoin payments after the worlds major venue for trading them, the Magic:
> The Gathering Online Exchange, crashed and "disappeared" $500m. Obviously
> not a safe and secure payment modality right now, where is the rush to jump
> into something so risky?
The risk her was trusting a centralized place with
being an escrow for your
money though,
not Bitcoin itself.
Functionally, a currency is its social structures and how it flows -
not just the objects deemed currency themselves. It's not money unless
it flows, and Bitcoin flows through exchanges that range from
laughably inept to criminal.
- d.