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What I think a lot of people will initially miss in the critique of money provided by blockchains (read: Bitcoin) is the topology of the network as helpful in m
by ftlio 9y ago
What I think a lot of people will initially miss in the critique of money provided by blockchains (read: Bitcoin) is the topology of the network as helpful in modeling cryptoeconomics (read: economics).
Any meaningful definition of a blockchain should prove useful in modeling the systems of money preceded by it. I honestly don't know why people think bitcoins and dollars need separate economics.
- ThomPete 9y agoAgree. All currencies are based on one unifying thing. Trust. There are currencies with far less trust than Bitcoin yet somehow Bitcoin is seen as some alien idea. It's not. It's just a non-fiat currency. It will live and die by the trust of the network.
- ruleabidinguser 9y agoit's also digital, which makes it unique among non fiat currencies.