Comment Re:The cost of an unregulated currency (Score -1, Troll) 357
Bitcoin became popular in no small part because many people believe government-backed currencies are overregulated or poorly managed.
No, Bitcoin became popular because a bunch of crackpots bought into a bunch of anti-government bullshit. Despite all the problems and imperfections with governments and regulations, the bitcoin nutjobs are too busy drinking the anti-government kool-aid to understand that it's precisely those governments and regulations that create stability which in turn makes a currency actually worth something.
And a few speculators looking to get rich quick.