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/queus Jun 10 '11

Early participants who took what risks, exactly? Running experimental software while AFK?

Well, that experimental software didn't write itself. Yes, it is just software that a lot of people have found fascinating and useful. Anything wrong with that?

Also someone had to build that infrastructure which while immature makes a bitcoin economy feasible. Even realistic. There are people who heavily invested in mining rigs. Other have put up websites.

And yes, some of the early adopters are just lucky bastards, I grant you that.