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What exactly do you mean that the value of BTC comes from trust? The only ones I put "trust" in are the owners of giant mining farms that have the possibility t
by zapt02 9y ago
What exactly do you mean that the value of BTC comes from trust? The only ones I put "trust" in are the owners of giant mining farms that have the possibility to cross the 50% hashing threshold and break Bitcoin. I also understand that this is not in their best interest.
The value in Bitcoin doesn't come from trust in people, it comes from trust in crypto.
- marcosdumay 9y agoYou are trusting the miners, yes. You are also trusting that somebody will come and buy those coins back from you (with either products or some other kind of money), and you are trusting that your government won't just decide to take it from you. Money is just another kind of trust.