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centralbanksequalsbombs (OP)
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December 18, 2017, 01:26:29 AM
 #1
Why does Trustless and Decentralized work? How is such a thing Secure?

What is good about being Trustless?
Why does that help Decentralization?
How does this make anything Secure?
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centralbanksequalsbombs (OP)
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December 18, 2017, 02:27:15 AM
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it seems traditional financial institutions aim to acheive status of being trusted, however Bitcoin appears to be opposite and operates on being trustless.

Why? and what's the difference?
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December 18, 2017, 03:04:10 AM
 #3
Quote from: centralbanksequalsbombs on December 18, 2017, 01:26:29 AM
Why does Trustless and Decentralized work? How is such a thing Secure?

What is good about being Trustless?
Why does that help Decentralization?
How does this make anything Secure?


Anyone want to help with comments on these questions?
Hacks & puppets & forks - how to destroy bitcoin
How to Explain Bitcoin to a 7-Year-Old
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centralbanksequalsbombs (OP)
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December 18, 2017, 04:20:33 AM
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Do incentives play into any of this?
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centralbanksequalsbombs (OP)
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December 24, 2017, 07:03:51 PM
 #5
Quote from: centralbanksequalsbombs on December 18, 2017, 04:20:33 AM
Do incentives play into any of this?

I think these are fundamental concepts to the Bitcoin's working system.

Any questions? Feedback? Disagreements?
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centralbanksequalsbombs (OP)
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February 02, 2018, 01:30:33 AM
 #6
On this exact topic - what do people here on this forum know about the lightning network to be released for Bitcoin?
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centralbanksequalsbombs (OP)
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November 21, 2018, 01:48:35 AM
 #7
The biggest catalyst that'd make BTC price skyrocket higher is simply move all your BTC to your PERSONAL bitcoin wallet (move off of Coinbase, Binance, Bitfinex, Square, Robinhood, CBOE/CME futures).

Fractional reserve, BTC lending, rehypothication is a bitch and can perpetually create no floor for prices by establishment market manipulators.

Plus if history is any indication, one these avenues will blow up and wreck the "holders" of bitcoin that really wasn't there because they failed to take such advice.

Take it off the exchanges and see what happens.
Hacks & puppets & forks - how to destroy bitcoin
How to Explain Bitcoin to a 7-Year-Old
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