Hacker News Reader

What's kind of crazy to me is that people don't think that if bitcoin really gets successful companies like paypal, visa, google etc. won't just come out with their own 'coins' backed by more user friendly software and possibly other incentives while maintaining anonymity.

View on HN

These are all centralized companies - if they go out of business what happens to your money? What if the company decides to print more of this money for itself? Napster went out of business becasue the government shut it down. Bittorrent is still going strong. Bitcoin is p2p like bittorent. There is no central point of failure.

'Cept it being replaced by something more useful.

Big corporations are in the inverse business of anonymity, they don't even want you to have a nickname (Google+?) and they want to get all the information they can from you (what you like, your address, etc). Plus, they have to respond to the US government/law.

So i don't think someone would trust anonymity to any of those big corporations.

'cept for the clever marketing.

Reply on news.ycombinator.com