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This paper fails to take into account that bitcoin miners are virtuous unlike their fiat currency capitalist counterparts.
by 0xdeadbeefbabe 13y ago
This paper fails to take into account that bitcoin miners are virtuous unlike their fiat currency capitalist counterparts.
- eru 13y agoEven it this was true, one of bitcoin's design goals is exactly not to rely on anybody's honesty or virtues. If you want to do that, you might as well use a trusted third party, making the whole design much, much simpler.