your last paragraph is how I also understood bitcoin-- the distributing of trust was such that there was no risk of us being able to collude to change it.
I like your framing of how "no counterparty...
With THIS rabid minority, I agree.
But if this one could pull the network with nearly no real mining support nor economic activity, why wouldn't the next small group with a charismatic leader not pull us in another stupid direction?
They PROBABLY wouldn't, but we don't say bitcoin is ∞/(probably 21,000,000). Take that certainty out of peoples' minds and markets tend to stumble.
But if this one could pull the network with nearly no real mining support nor economic activity, why wouldn't the next small group with a charismatic leader not pull us in another stupid direction?
They PROBABLY wouldn't, but we don't say bitcoin is ∞/(probably 21,000,000). Take that certainty out of peoples' minds and markets tend to stumble.
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