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Re: What is the Future of Bitcoin ?
by
Beliathon
on 16/07/2014, 19:47:09 UTC
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.
This one speaks wisely. Trust is the great weakness of soon-to-be obsolete forms of currency like fiat. We trusted the banks, look where that got us - the 2008 meltdown!

Bitcoin is the future of money precisely because there is NO trust involved whatsoever. Bitcoin is the atheism of money, that's why it will destroy all competition.