If Bitcoin's security comes to be based on bureaucrats rather than protocol, it will no longer be a seamless global system.
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@nickszabo4 I think that's a correct statement as far as it goes, but I also think this is a "when" not "if".
@iang_fc If that's its fate then why are you bothering at all with Bitcoin?
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@nickszabo4 The question really turns on whether the bureaucracy is transparent, or hides power manipulations for unknown interests. -
@iang_fc@nickszabo4 saying this for months. But nobody listens to a nobody, so nobody benefits. Eventually a somebody will figure it out. -
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@BitcoinBelle@iang_fc@NickSzabo4 You're nooobody till somebody ...RT's youuuu :) TY nice to hearpic.twitter.com/SFCIa2dJIn
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@NickSzabo4@iang_fc Because they knew that their "private" Blockchain systems are vaporwave and looks like thispic.twitter.com/xs2luSe1uF
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@spiroseliot@nickszabo4 Oh please - can we please but the car(t) before the horse, where it was always supposed to be? :D -
@iang_fc@NickSzabo4 Bitcoin, Ethereum, and every public blockchain system do that. Even dogecoin doing that...
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@NickSzabo4@iang_fc an engagement can be constructive and critical or pessimistic at the same time, I guess?Thanks. Twitter will use this to make your timeline better. UndoUndo
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@nickszabo4 It isn't a binary - BIP 1 https://en.bitcoin.it/wiki/BIP_0001 is bureaucracy.pic.twitter.com/GcZFgd4Xzv
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@NickSzabo4@iang_fc most bureaucrats are building their own blockchains..Thanks. Twitter will use this to make your timeline better. UndoUndo
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@NickSzabo4@iang_fc and if bureaucrats gain control over the consensus, bitcoin never worked in the first placeThanks. Twitter will use this to make your timeline better. UndoUndo
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@NickSzabo4@iang_fc Is it? Does Bitcoin "small game" have a chance to resist yielding to the currents of the "big game" in which it swims?Thanks. Twitter will use this to make your timeline better. UndoUndo
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