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by wharvle 889 days ago
Turns out things are usually better, easier, and cheaper, overall, if you can trust your peers. You only need stuff like Bitcoin if you have to operate entirely in a very low-trust environment, and for some reason don't have access to better ways to raise the trust level.

If you're working with lots of money and can't rope in one or more trusted peers (a bank, say) to smooth things out, with that trust backed up by a robust & proven legal framework... uh, that sure narrows down the general type of activity you're likely engaged in.
2 comments
alchemist1e9 889 days ago
> need stuff like Bitcoin if you have to operate entirely in a very low-trust environment

Which is what we are in. The governments can’t be trusted they have proved that over and over.

The big mystery is why so many collectivists and statists get so worked up and angry with the success of Bitcoin! Not why Bitcoin is working as intended.

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npoc 889 days ago
That's the problem - the banks are robbing us all, you just don't realise. Look up M2 USD and find a chart over the last 50 years.
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