Re: What is the Future of Bitcoin ?

future of bitcoin is paying for everything with bitcoins, everyday grocery etc

So, actually this means "trust".

What the hell? How did you correlate what he wrote with "trust" ? If you had to sum it up it's "usage"

Do you really using something you are not trusting? Any currency is based on trust first, and then - used.

Your logic is applicable for centralized currencies. A de-centralized currency does not need trust. U dont need to trust Satoshi to use Bitcoin. U can see the code yourself.

No difference if it is gold, dollar, peanuts, bitcoin or shell money in Timbuktu. In any exchange or transaction you need to trust in order to do it. It is actually basics. But never mind.

You are tied with the legacy thinking. Bitcoin is different from that. Please have your time to read Satoshi's paper. The basis of Bitcoin is it is trustless as it is open source and community driven. Trust is something tied with centralized systems.

Community driven, but not based on trust...?

Community driven means nodes are run by Bitcoin community. Those are machine running an open source software. When u interact with tha machine ...do u need to trust ? Trust is for human, not machine.

There is the "trust" in the BTC transaction mechanics, when you do not need the mediation (no need for "trustee", like in a banking system). This "trust" is highlited in your paper. And there is much more important "trust" when somebody accepting your payment for his services and/or products. Without the second "trust" the is no need for BTC ( as well as for the gold, dollar, peanuts, bitcoin or shell money in Timbuktu). Because of this "trust" YOU are accepting BTC (but not the other alternative "shitcoin" for example) for your signature campaign in this forum. Grin

So, the future of bitcoin is paying for everything with bitcoins, everyday grocery etc. Actually this means "trust". Grin