Post
Topic
Board Bitcoin Discussion
Re: Mike Hearn, London 2014 [video presentation]
by
waxwing
on 23/01/2014, 22:33:03 UTC

5) Mike's insight:  why don't we ask ourselves this question:  "what do most people have one of and would find exceedingly difficult to have 10,000 of?"   I guess some answers might be a house or a car or something like that... but Mike added the additional condition: "what do most people have one of and would find exceedingly difficult to have 10,000 of and *which they can prove they have over the internet*?"


To be fair to those of us on the more sceptical side (but who remain civil), this is not really a matter of insight.


Sorry - not my intent to imply a lack of insight elsewhere!


It's not about attribution of an idea, I'm not worried about that (nor is anyone else, I'm sure), it's about whether the idea has merit. Trusting government issued identities is potentially very dangerous (because of both counterfeiting - the technical concern, and corruption - the political concern).