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It doesn't call for or notify of deprecation. It acknowledges that "the system works well enough for most transactions". Bitcoin is an attempt to replicate a s
by jsprogrammer 11y ago
It doesn't call for or notify of deprecation. It acknowledges that "the system works well enough for most transactions".
Bitcoin is an attempt to replicate a similar system of "cash" in a completely decentralized (in that, anyone* can participate) manner.
*With sufficient knowledge and technical resources.
- jMyles 11y agoAgree in full. Perhaps "deprecating the federal reserve" was language too strong to describe the explicit goals of the bitcoin whitepaper. I do still assert that an organism which succeeds in a mission to 'replicate a similar system of "cash" in a completely decentralized (in that, anyone* can participate) manner' will achieve the same. And that, for reasons directly attributable to the specific implementation, bitcoin does not achieve this.