Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

This paper fails to take into account that bitcoin miners are virtuous unlike their fiat currency capitalist counterparts.


Even it this was true, one of bitcoin's design goals is exactly not to rely on anybody's honesty or virtues. If you want to do that, you might as well use a trusted third party, making the whole design much, much simpler.




Consider applying for YC's Fall 2026 batch! Applications are open till July 27.

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: