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re: Here's why Bitcoin is the future of money

Posted on 5/1/13 at 10:53 am to
Posted by LSURussian
Member since Feb 2005
126962 posts
Posted on 5/1/13 at 10:53 am to
quote:

And as I've stated all along, bitcoin is in its infancy.

This stuff takes time. Be patient. We are in the process of moving past amateur hour in the bitcoin community to the VC phase. The next few years will likely have you changing your mind on bitcoin.
Isn't btc the third or fourth (fifth?) generation/attempt for a digital currency? Wasn't there a private digital currency back in the 1990's called DigiCash or something like that?

Why yes, there was!
quote:

DigiCash[9][10]- DigiCash Inc. was a pioneering electronic currency corporation founded by David Chaum in 1990. DigiCash transactions were unique in that they were anonymous due to a number of cryptographic protocols developed by its founder.

And then there's this....
quote:

DigiCash declared bankruptcy in 1998


ETA: Link to above, which also describes the junk pile of other failed digital currencies.
This post was edited on 5/1/13 at 11:09 am
Posted by Broke
AKA Buttercup
Member since Sep 2006
65049 posts
Posted on 5/1/13 at 10:57 am to
So 23 years from the first crypto currency until today. Not one of them has been able to get their shite together. Infancy huh?
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