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A comment on The political case for a blanket cryptocurrency ban. Parent comment

Re:The political case for a blanket cryptocurrency ban by hudon on Wednesday March 31, 2021 @05:45PM (#26653545)
> Bitcoin is backed by node operators and widespread social consensus

Satoshi wanted it to be backed by Proof of Work, but now you’re saying Bitcoin is backed by social consensus... just like the US Dollar I guess?

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Re:The political case for a blanket cryptocurrency ban by jude- on Wednesday March 31, 2021 @05:59PM (#26653681)
Who cares what Satoshi wanted? He/she/they do not control the system.
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Re:The political case for a blanket cryptocurrency ban by mujina93 on Thursday April 01, 2021 @03:17AM (#26657489)
Yes, actually. His/her/their wallet has the majority of bitcoins. If they were to move them, everything would crash.
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Re:The political case for a blanket cryptocurrency ban by mhluongo on Friday April 02, 2021 @03:32PM (#26675105)
Please stop spreading misinformation, Satoshi has 1M of a total 21M supply, if he/she/they are still alive and have access to their keys.
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Re:The political case for a blanket cryptocurrency ban by jude- on Thursday April 01, 2021 @01:40PM (#26663710)
If a majority of miners wanted, they could block those BTC from moving.
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Re:The political case for a blanket cryptocurrency ban by mhluongo on Wednesday March 31, 2021 @06:51PM (#26654174)
Of course it's backed by social consensus. Money is a social construct, not sure why you're trying to move the goalposts
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Re:The political case for a blanket cryptocurrency ban by hackinthebochs on Wednesday March 31, 2021 @06:49PM (#26654147)
Proof of work is just the mechanism to determine social consensus.
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