Post
Topic
Board Bitcoin Discussion
Re: This is the kind of hierarchy some want for the The Bitcoin Network.
by
hazek
on 30/09/2012, 10:06:19 UTC
When authority is placed over money it becomes corrupt. Do you approve of the actions of Alan Greenspan and Ben Bernanke and what they did for the US Dollar? Do you think any person should have a say over your money as a supreme ruler?
You obviously lack basic undrstanding of how Bitcoin works.  The rules of bitcoin and the blockchain are set forever.  You can do minor restrictions, but that requires the support by a majority of all the miners out there voting by their hashrate.  The only supreme ruler of bitcoin is the blockchain, and the miners can support extra restrictions to the original set of rules if they want to.

More restrictive rules can be malicious also. And Bitcoin Foundation being a self admitted self imposed spokesperson, policy setting, business vetting, intertwined with corporate interest body with enough money spent on PR will always get it their way with enough miners. Maybe not today but definitely in the future.

The danger exists now that's my point.