But you still don't see it with BitCoin! You see money go into YouTube, you see it go out of YouTube, you have no idea what happened inside. Please, for the love of god, explain to me at least one time why you think BitCoin changes that _at all_.
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Replying to @cmuratori @rob_robby and
You know exactly what happened inside. It’s on the blockchain.
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Replying to @grumpygiant @rob_robby and
Why? Why would YouTube put any of that on the blockchain?
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Replying to @cmuratori @rob_robby and
Because if they don’t their competitors will. Like I said, it’s a self-sustaining system that spreads one debate at a time (like this one)
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Replying to @grumpygiant @cmuratori and
(sorry if this is winding you up btw lol, I just figure if I can get my thoughts past the Casey test then it probably checks out)
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Replying to @grumpygiant @rob_robby and
You have gotten exactly zero thoughts past the Casey test.
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Replying to @cmuratori @grumpygiant and
Look, if the argument is "crypto doesn't do anything, but if we lie about it, we can create the momentum necessary to fool the public into demanding laws that require open accounting, which is what we really want" - OK, that's a plan. It's a long shot, but I understand.
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Replying to @cmuratori @rob_robby and
No, the argument is “yes it’s slow and not very good but at least it’s secure”.
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Replying to @grumpygiant @rob_robby and
It is not secure, even a little bit. Ethereum has already had a revert and it's only a few years old.
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Replying to @cmuratori @grumpygiant and
All of these are subject to 51% attacks, which seem like they would be rather easy to mount in a world where BitCoin was important - I mean it seems like getting 51% of central banking to agree that it's in their best interest to change something would not be hard at all.
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In today's world that would just be US, China, and Japan get together and decide to change the ledger. That'd be all that would be required. No other country would even have to be consulted.
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