4 ms·
You can have plenty of knowledge about Bitcoin, but your original comment about 'trust' reflects none of it. As you know, you don't 'trust' the group of strang
by mattwilsonn888 5y ago
You can have plenty of knowledge about Bitcoin, but your original comment about 'trust' reflects none of it. As you know, you don't 'trust' the group of strangers who run Bitcoin software to ensure the security of the protocol - that is in fact that opposite of the intention and for the most part the result. So yes, you failed to demonstrate any knowledge of how blockchains work and now you are introducing a red herring to the original argument.
By the way, Bitcoin does not have that problem because the story you linked is about a wild fork of Bitcoin which is unsustainable anyways - not even counting the fact that BSV is not intended as a file hosting service. Perhaps see what IPFS or other file hosting coins and protocols do to stop that problem. And as hard as it is to swallow, there are plenty of other ways to obscure the uploading of illegal data across all sorts of centralized services - but we don't just get rid of the internet.
- moritonal 5y agoSo far you've just said I'm wrong. Let me try clarify. The value of your coins relies supposedly on your ability to exchange them, which in turn relies on the miners following the protocol in self-interest which happens to line up with your interest. That sounds like you're trusting the miners to continue mining the fork you prefer?
- mattwilsonn888 5y agoThe miners are interested in making money. Why would they mine a fork which the large majority of users and traders value at $0?