YouTube are selling your turnips to people for you. And they can do it because you could set up a competitor but it’ll always follow the same eventual outcome. The only winning move is to encrypt all transactions.
Again, that is just a statement. It doesn't have any actual technical content in it explaining _why_. I still haven't heard any explanation of why any current company has to change their business model in any way because of BitCoin - they can all just literally switch currencies.
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The business model remains identical, and the entire world could keep doing precisely what it's doing right now. You get somewhat more information, perhaps, than you do with SEC filings, but not that much.
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Given a choice between an incorruptible system and a corruptible one, any sane man would use the incorruptible one. Now sure that doesn't force anyone else to use it, but if enough sane people start trading together then things change. [1/3]
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