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by nikolay·10y ago·view on hn ↗
The big drawback to the consumer is the speculative price. Of course, this attracts the scum of the Earth, but that's another r story. Bitcoin can be saved by applying the concept of a Currency Board [0]. All speculator will leave and only the serious players will stay and then regular folk can jump in. Of course, you can't make a million dollars from a single bitcoin you bought at $400, but you won't make it anyway if things go the way they've been going! Well, I know you can't apply the concept to Bitcoin, but just wanted to give some food for thought.

[0] https://en.wikipedia.org/wiki/Currency_board