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>> Isn't cooperation key to a decentralized system? Slightly off-topic, but cooperation is key to traditional currencies, too. If a majority of the United Stat
by TallGuyShort 9y ago
>> Isn't cooperation key to a decentralized system?
Slightly off-topic, but cooperation is key to traditional currencies, too. If a majority of the United States determines that I suck and tries to stick it to me and anybody who does business with me, all of my US Dollars would have substantially less purchasing power.
- valleyer 9y agoI'll be off-topic with you. Your scenario seems a little different, because I could still shop with dollars at the 49% of stores that still like me. Whereas if bitcoin replaced dollars, even those 49% of stores that liked me couldn't take my money, because the 51% can veto the transaction.
- posterboy 9y agoImagine its an industry at the top of the food chain and middle man are forbidden, so you can go shop at the neutral 49% of stores, but they may not provision you with something essential and monopolised. Although in those cases the law is layed out to mandate certain types of business take contracts.