Post
Topic
Board Bitcoin Discussion
Re: We Don't Want Democracy, We Want Consensus!
by
adamstgBit
on 03/09/2015, 04:38:39 UTC

Democracy is dictatorship by the majority.


Bitcoin is a Democracy by definition. or maybe more of a "Democracy with exile"

what is bitcoin?
Nodes express their acceptance of a new block by mining on top of it and the longest chain composed of valid transactions is Bitcoin.

there you go the bitcoin = whatever the majority of hashing power believes is bitcoin.