“Just today I passed a sign at a local check cashing shop, proudly proclaiming ‘Send up to $50 for only $5!’  Only a 10% minimum fee for transmitting funds?  What a bargain.  Credit cards don’t work person to person, checks don’t work at pretty much any retail establishment, cash doesn’t work if the bill’s too big, PayPal shuts down if you look at it funny, and you can just lie about how much gold you have (a thing you pointedly cannot do with cryptographic currencies). Bitcoin isn’t perfect.  But it’s certainly not competing with perfection.  What if money worked as reliably as the Internet?”

http://www.cato-unbound.org/2013/07/10/dan-kaminsky/money-has-gotten-buggy

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