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Where's the trust in a bitcoin tx?
by MrPatan 3y ago
Where's the trust in a bitcoin tx?
- Breza 3y agoYou have to trust that the restaurant where you're having lunch will accept BTC as payment. In reality, using Bitcoin requires the same trust-based infrastructure as everything else because the only way to buy anything with it is to trade it for fiat.
- croes 3y agoThat Bitcoins still have a value when you sell them
- MrPatan 3y ago1 BTC = 1 BTC
- croes 3y agohttps://www.coinopsy.com/dead-coins/abandoned/ https://www.coinopsy.com/dead-coins/abandoned/
- Breza 3y agoWow, that's a lot of "Scam or Other Issues"
- notahacker 3y agosure, and 1 UST = 1 UST, but it turns out that people who thought they didn't need to trust the asset held its value are considerably poorer than they were before.
- Summershard 3y agoWell, not really. Tainted coins is a real, growing problem that BTC hasn't solved yet. In short, BTC is not fungible.