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> trustless, as long as you trust the coin What is your intended meaning here?
by garmaine 8y ago
> trustless, as long as you trust the coin
What is your intended meaning here?
- dragontamer 8y agoMy main point is that the word "Trustless" has been abused repeatedly over the past year. "Bitcoin Trustless" doesn't mean what most people think it meant. And it was most obvious when people were forced to pick sides in the BCH-ABC vs BCH-SV flamewars.
- yebyen 8y agoI have picked a side, and I won't tell you which one, but I'm not sure that I've been forced to monetarily pick a side. In fact I've seen enough propaganda around "unified" coin that sounds a lot like "you better not have picked a side yet," I still think there might be some advantage to have not picked a side, and to maintain that. Are most exchanges picking a side yet? (What side are you on?)
- yebyen 8y agoI will never understand what motivates some people to downvote rather than reply (unless you tell me...)
- bb88 8y agoYou're trusting the developers and the code that the developers write.
- garmaine 8y agoIn principle, no. You're supposed to review the code you run. The open-source status of bitcoin is a vital part of its security model. This isn't a nitpicky point either. Bitcoin has specifically avoided any sort of automatic update mechanism, and not just because of the security risks involved. Additionally many companies and miners take their time evaluating new releases before upgrading.
- bb88 8y ago> You're supposed to review the code you run. Really? After spending years watching the pro-bitcoin people shill their crap, this is the first argument I've seen espousing a requirement to understand the code before using your wallet.