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Why would I trust your account if it wasn’t, well, trustworthy? Think about the current world we live in. There are some people I would accept a verbal “I owe y

• dpark 9y ago
  Because you’re relying on a web of trust. You obviously won’t trust me directly. But you’ll trust me indirectly because I only need to gain the trust of someone in your web at which point the authors expect me to be able to engage in currency exchange to find a coin you’ll honor. And at the end of the day, it’s unclear why you wouldn’t want my FakeAccount coins. Once I’m in your web of trust, you can spend my coins like any other trusted currency. The authors seem to believe it’s the users’ responsibility to somehow police this when the users in this case just want a medium of exchange and derive little to no value from excluding my fake coins.