On 15 March 2014 13:31, Daniel Zahn dzahn@wikimedia.org wrote:
On Mon, Mar 10, 2014 at 10:13 AM, Nathan nawrich@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.