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by TeMPOraL 1317 days ago
> "you can try to convince enough people that the major chain becomes how you like it, while the others run a minority fork".

FWIW, that is also true for fiat. You can become an economist, or a journalist, or a politician, or a pundit, and try to convince your country to do economics differently. It's a tall order, but it's been known to succeed. If this seems harder than the equivalent for blockchains, it's only because cryptocurrencies have much fewer users, so your voice seems more powerful.

1 comments

Good point. I think the subtle difference is that the traditional political democracy coerces the minority to use the system how they like it (ofc. not everywhere, maybe more on the money/legal tender side of things), whereas with Bitcoin there is no coercion by the majority. The majority would accept one set of currency, while others might use another, however markets will probably always decide on a winner when it comes to currency, which could feel as if you are "forced". Definitely a nuanced topic.