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Actually, bitcoin transactions do not require trust. As long as no node controls more than half the network processing power, the ledger can’t be faked. The val
by nihonde 9y ago
Actually, bitcoin transactions do not require trust. As long as no node controls more than half the network processing power, the ledger can’t be faked. The value of a single bitcoin is a measure confidence in the bitcoin network as a useful means of transacting business. Confidence in the network is more analogous to Visa or other credit cards than to dollars or other national currencies.