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Re:Telegram quietly snuck its blockchain past regulators by mbesto on Friday September 27, 2019 @10:48AM (#21092589)
I don't disagree in principal, but:

> well-designed economic game theory

Game theory is loosely based on the idea of behavioral economics, which is an imperfect science.

The fact that the Winkelvoss twins have to store their BTC password separated into several hidden physical vaults (bank safes mind you) is all you have to know about how the trust system actually works in real life.[0]

[0] https://www.nytimes.com/2017/12/19/technology/bitcoin-winkle...

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