Hacker News new | comments | show | ask | jobs | submit login

It's incredibly foolish to think you're only trusting mathematics.

All you've done is shift your trust to the authoring process of the Bitcoin clients and to the majority of the miners. Authoring and distributing the clients, and determining the majority of clients and the majority of mining power, is still a social and political problem driven by human greed.




>It's incredibly foolish to think you're only trusting mathematics.

Thanks for pointing that out. I suppose I'm guilty of "idealizing" my argument. Still, if the Bitcoin client could somehow be "written in stone", and everyone knew the protocols and source code could not be modified, I think it would be a safer bet to place my trust in a globally distributed network of selfish individuals, than to place it in a loose affiliation of millionaires and billionaires.




Guidelines | FAQ | Support | API | Security | Lists | Bookmarklet | DMCA | Apply to YC | Contact

Search: