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by lifty
1778 days ago
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As long as humanity is divided and has factions that are in conflict, something like proof of work can be useful, because it allows those that are in conflict or don’t trust each other, to maintain a shared view of an accounting system (Bitcoin). When we pass that stage of bickering apes we won’t need Bitcoin anymore. |
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People use this argument a lot, and I don't get it. You're trusting that miners don't perform a 51% attack; you're trusting that the underlying crypto doesn't have shortcuts; you're trusting the wallet software. Some of these things are unverifiable, leaving you only with trust.