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> Unless you are also auditing all the code you use for software that objects with Bitcoin yourself As I mentioned in another reply, compared to existing elect
by timbowhite 10y ago
> Unless you are also auditing all the code you use for software that objects with Bitcoin yourself
As I mentioned in another reply, compared to existing electronic monetary systems, an open source one will always be more trustworthy than a closed source one.
>Bitcoin involves trust in the mining community
To be a part of Bitcoin, miners need to follow a publicly known protocol that is easily verifiable by anyone using math. Additionally, miners never have direct control of your money: they can't spend it on your behalf.
I think the only point you have there is that you must trust someone somewhere to mine Bitcoin. And as long as there's a profit to be made, someone probably will.
- dragonwriter 10y agoAll you are doing is arguing reasons why the people you need to trust to use bitcoin deserve that trust, in your opinion, which is very different than the idea that bitcoin eliminates the need for trust.