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Author Topic: In * we trust?  (Read 2121 times)
inBitweTrust
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August 29, 2014, 01:26:59 AM
 #21

BTW I like: "You can only trust yourselves"

If there is anything we have learned through human psychology is that humans shouldn't absolutely trust themselves.

I definitely cannot trust myself with more than 6 drinks.  Tongue

bg002h
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August 29, 2014, 02:49:38 AM
 #22

How about in each other we trust
(Albeit to a limited degree and we use cryptography to essentially remove the need to trust eac other in the first place)

Hardforks aren't that hard. It’s getting others to use them that's hard.
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wasserman99
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August 29, 2014, 03:16:31 PM
 #23

I don't know if this is a good idea. In the marketplace (and in other similar exchanges) people will generally trust people who they have traded with previously. They will trust people who have done a lot of transactions with people that have traded with a lot of other people (see default trust). If you were to say that you trust "no one" then the vast majority of the trades would not be able to be facilitated because neither party would be able to "send first"

Use a multisig escrow. Past performance does not guarantee future performance. Pirateat40 was the highest rated user and always paid on time for a year up until he scammed millions. Trusting people based on the fact they have had lots of positive transactions in the past is a bad idea, that is how all of the biggest scammers pulled off their scams.
You would still be trusting someone if you used a multisig escrow. You would need to trust that the escrow service is not going to collude with the person you are trading with.

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September 05, 2014, 09:29:07 PM
 #24

why do they always use some variation of the motto “In God We Trust” (e.g. “In Cryptocurrency We Trust”, “In Bitcoin We Trust”, “In Satoshi We Trust”, etc.)? Why don't people come up with something better?

Yeah! "In no1 we trust"!

The reality is that in real life trust is important and does exist. Just because we are promoting a currency with the ability to be trustless doesn't mean we have to adopt the paranoid "trust no-one" mantra.

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September 05, 2014, 09:43:21 PM
 #25

It makes a mockery of the U.S dollar, while they trust in god and faith, we trust in mathematics and logic, so I think there's nothing wrong with it in the slightest, we are the opposite of the federal reserve system which is why they hate us.
R2D221 (OP)
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September 05, 2014, 11:50:05 PM
 #26

It makes a mockery of the U.S dollar, while they trust in god and faith, we trust in mathematics and logic, so I think there's nothing wrong with it in the slightest, we are the opposite of the federal reserve system which is why they hate us.
I disagree. We're not the opposite. We're something totally new.
Or else, how would you define the opposite of a blockchain?

An economy based on endless growth is unsustainable.
TheButterZone
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September 05, 2014, 11:58:03 PM
 #27

* = asshole

Saying that you don't trust someone because of their behavior is completely valid.
shawshankinmate37927
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September 06, 2014, 03:57:47 AM
 #28

I wasn't aware Bitcoin had an official motto?

I never said it did. This is just personal opinion.

The USD is currently the most widely used, recognized, and accepted currency in the world, so many people in the world are familiar with the reference, but by all means, feel free to make up a new motto that appeals to you and use it.  There is no reason to use or be overly concerned about a motto you don't like.

"It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning."   - Henry Ford
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September 07, 2014, 07:32:12 PM
 #29

When people do these Bitcoin physical mockups, why do they always use some variation of the motto “In God We Trust” (e.g. “In Cryptocurrency We Trust”, “In Bitcoin We Trust”, “In Satoshi We Trust”, etc.)? Why don't people come up with something better? The motto is very specific to US currency, and as far as I know, the main ideology behind Bitcoin is to ditch fiat currency (which includes the US dollar). Also, the motto talks about faith in a deity, and I don't think we should blindly have faith in Bitcoin (we however, can trust it works by analyzing its source code).

On the other hand, there are other mottos I like, like “Vires in Numeris”, that had no reference to other currencies.

You've brought up something interesting. As you said, it does matter to choose something independent to the fiats, so new people don't think there's a relation between bitcoin and USD. Maybe it would be good to have some contest for this matter.
Meuh6879
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September 07, 2014, 07:40:13 PM
 #30

i understand only my language and the english.
bitcoin is math.

so, i'm happy even if a bunch of high school graduate write a "spoke scientific language" around of...

the bitcoin logo is simple ... no need to add dedicated language.


BittBurger
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September 07, 2014, 08:34:14 PM
 #31

When people do these Bitcoin physical mockups, why do they always use some variation of the motto “In God We Trust” (e.g. “In Cryptocurrency We Trust”, “In Bitcoin We Trust”, “In Satoshi We Trust”, etc.)? Why don't people come up with something better? The motto is very specific to US currency, and as far as I know, the main ideology behind Bitcoin is to ditch fiat currency (which includes the US dollar). Also, the motto talks about faith in a deity, and I don't think we should blindly have faith in Bitcoin (we however, can trust it works by analyzing its source code).

On the other hand, there are other mottos I like, like “Vires in Numeris”, that had no reference to other currencies.

The only physical mockups of bitcoin that matter to me are the Casascius physical bitcoins.  And those say "Vires en Numeris".  

All the others are significantly less valuable copycats.  I guess I've always had slight disdain for people who come 2nd and 3rd doing the exact same thing as the first guy.  So I give all props to guy # 1 Smiley

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