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"QED" Err, this bugfix doesn't show people don't have absolute control of their bitcoins. "Also see the recent Bitcoin cash fork" Still doesn't demonstrate t
by mrb 9y ago
"QED"
Err, this bugfix doesn't show people don't have absolute control of their bitcoins.
"Also see the recent Bitcoin cash fork"
Still doesn't demonstrate that people don't have absolute control of their Bitcoins.
"the severe volatility"
Still doesn't demonstrate that people don't have absolute control of their Bitcoins.
You look ridiculous trying to argue Bitcoin doesn't give absolute control of one's money. That's the one thing Bitcoin does perfectly well and that is universally recognized.
"If it lives on a server"
The point of a warpwallet is that it doesn't live anywhere. It's a passphrase you memorize.
- grey-area 9y agoI think we have different definitions of absolute control. By absolute control I take it you mean control of the private keys and thus who can use the money those keys control (regardless of whether that currency is worthless, difficult to exchange, outlawed, or taxed as an asset)? For me absolute control means control over the rules for exchange (set by devs), control over fees (set by miners), control over the rules for ownership/use (set by governments), and control of the value vs real world goods (set by other users). I would say bitcoin gives you the illusion of control but very little actual control - it's similar to fiat in that regard. I think that's important because absolute control implies something you simply can't come close to with any currency - absolute control over a worthless resource is not control in any meaningful sense. Re the warpwallet, you're saying it lives in your head only, if so, the same arguments apply - they seize your person till you give it up (see rules in the uk on not divulging passwords, people have been locked up for this). You can't work around laws with technical solutions.