Post
Topic
Board Bitcoin Discussion
Re: Occupy Round Table on Bitcoin
by
jago25_98
on 09/12/2011, 17:29:48 UTC
Bitcoin is a very significant step but it is no panacea.

Bitcoin still behaves like money. Money as a network clumps into areas of excess and poverty.
We will still have large nodes and there is no smoothing algorithim in place to mitigate the effects of money.
The debt based society still exists. That is, you can open a debt against someone just the same.

Still, Bitcoin is a very signifcant fix on money by some decentralisation.

One step at a time.