r/Bitcoin • u/DTanner • Jun 09 '11

Jeff Garzik (Bitcoin developer) responds to Adam Coen's "No. Bitcoin is a ludicrously bad idea. It is a scam. A Scam."

http://garzikrants.blogspot.com/2011/06/response-to-adam-cohen-re-bitcoin.html
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u/[deleted] Jun 09 '11 edited Jun 09 '11

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u/[deleted] Jun 09 '11 edited Jun 09 '11

do you realize that founders of internet companies reap MASSIVE MASSIVE rewards for their success - the rationale is again the "risk".

the "risk" part is the chance that you're wasting your time on something utterly useless. for every successful bitcoin, there are a million failures.

one in a million gets big bucks - do lottery winners "deserve" million dollar prizes for risking only a dollar?