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by ben_w
2435 days ago
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I see no benefit in a trustless currency: If I have no trust in a currency, why should I trust the goods/services? I see no benefit in a decentralised currency: gold is one (anyone can mine it) and there’s a reason we moved away from it. I don’t buy that bitcoin is either decentralised (they who control the algorithm steering committee control the currency); trustless (why should I trust irreversible transactions? Why should I trust those who wrote my wallet? Why should I trust those that wrote my mining app?); nor robust (the domain of money is law, not logic, so always subject to government interference; the price is currently highly volatile; and apps always have bugs yet to be discovered). |
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And I'm sorry, I won't address your other points.