Re:The Bitcoin Bubble and the Future of Currency
by drcode on Wednesday April 03, 2013 @12:36PM
(#5487125)
Yes the "central bank" in bitcoin is essentially a diffuse network of trust established via a large network of people.
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Re:The Bitcoin Bubble and the Future of Currency
by olefoo on Wednesday April 03, 2013 @01:04PM
(#5487328)
And we know for a fact that it's not possible to manipulate large networks of people in an organized manner...
Re:The Bitcoin Bubble and the Future of Currency
by polarix on Wednesday April 03, 2013 @01:14PM
(#5487402)
Certainly it's easier to do that than to manipulate a small group of mostly hidden individuals with severe conflicts of interest.
Re:The Bitcoin Bubble and the Future of Currency
by knowaveragejoe on Wednesday April 03, 2013 @01:53PM
(#5487731)
How is consensus reached? Who has the 'final say' to merge in the patches necessary to make such a fundamental change?
Re:The Bitcoin Bubble and the Future of Currency
by BrokenPipe on Wednesday April 03, 2013 @02:41PM
(#5488128)
You know, open source.
I can decide not to take the new version or I can even fork it.
The majority decides, democracy like.
Re:The Bitcoin Bubble and the Future of Currency
by knowaveragejoe on Wednesday April 03, 2013 @05:28PM
(#5489244)
Wouldn't a fork lead to decreased value for everyone...?