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by ConcernedCoder
3010 days ago
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It's about trust, you either trust some central solitary authority, i.e. government, bank, etc... or you trust the majority of users -- to do the right thing. Think of it like a dictatorship vs a democracy. In the dictatorship one guy ( the central authority ) gets to make the rules... he has a bad day? he decides to take all your wealth for himself. In the democracy 51% of nodes have to decide to screw you, some people think that's a better bet in the long run. |
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