3 ms·
That misses the point entirely that most people that actually use bitcoin don’t even use bitcoin core’s wallet. They use other wallets and trust that software a
by dfischer 6y ago
That misses the point entirely that most people that actually use bitcoin don’t even use bitcoin core’s wallet. They use other wallets and trust that software and the hardware they are on to be doing the right thing. The average person not only does not understand this distinction, they don’t even know how to validate their own transactions let alone know how to read code.
- darawk 6y agoBut that doesn't matter. The point of Bitcoin is not to provide every single user with perfect decentralization, it's to provide the infrastructure for it so that it can be achieved if its important to you.
- dfischer 6y agoUnfortunately most don’t really understand that and end up just “trusting the software”
- iso8859-1 6y agoYour grandparents talked about "the core technology" and talked about peers. If you're talking about bitcoin in the extended sense that you do, there would be no reason to use these words. It is commonly known that exchanges have to implement KYC/AML and so on, so the question isn't very interesting if we are talking about whether the government has some influence on a web-wallet like Coinbase.