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As long as a human controls access to something, that something will be vulnerable to corruption. Bitcoin removes the vulnerability if it takes the corruptible
by clarkmoody 13y ago
As long as a human controls access to something, that something will be vulnerable to corruption.
Bitcoin removes the vulnerability if it takes the corruptible human out of the process.
- dreen 13y agoYea ok but it doesn't do that. That is my point. So what do you mean?
- jdreaver 13y agoHumans (banks, PayPal, other third parties) are not required to verify transactions. It means you and only you have access to your bitcoins, and you don't need a trusted third party in order to use your money. You don't need a trusted third party to create bitcoins, either (like when governments print fiat currency).
- wavefunction 13y agoAccountability is sometimes enough to cause otherwise indecent acts to never occur.