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Board Beginners & Help
Re: Wouldn't it be more fair if the bitcoins were shared equally?
by
memvola
on 21/02/2013, 15:56:51 UTC
Even if you distribute the issuing rights to entities that are unlikely to be influenced, there is no way to guarantee that these rights won't in time consolidate in the States' hands.
You could make it illegal to control more than one issuing authority. Besides, the problem of over-consolidation also exists with the current Bitcoin protocol.

That, you can't do with a decentralized protocol.

Bitcoin can become anything of course, the system itself depends on some assumptions about society. However, at that point you need to give practical details about the proposed protocol so that we can compare the assumptions that we need to make for the systems to function. Bitcoin does not assume a lot of things most of the proposed systems that I've examined do, and that is its main strength.