[dragonwriter]

> Therefore as long as the majority of miners (weighted by their computing power) is honest, you can trust the accounting.

As computing power is a function of the expenditure of wealth, this is equivalent to saying "as long as you trust the people who have thrown the most money at having power over the bitcoin system are honest."

[yk]

Never thought of it that way, but yes. However, those who have thrown the most money at Bitcoin are also those with the highest interest to seeing it succeed.

[pavanky]

Sounds very familiar like trusting the entity with the largest arsenal of weapons.