Post
Topic
Board Speculation
Re: Gold collapsing. Bitcoin UP.
by
iCEBREAKER
on 23/11/2014, 18:32:29 UTC
Why is it assumed we need to implement fully decentralized smart platforms in the Bitcoin system?

Because Bitcoin is the one & only trusted ledger. If it isn't built within Bitcoin then you sacrifice trust.

Blockstream said it best : Can't be evil

Bitcoin & friends don't operate on trust, they use proof of work.  Have you even read the whitepaper?

And Bitcoin is far from being "the one & only trusted ledger."  Litecoin, Peercoin, and Primecoin have been doing very well for a couple of years, TYVM.  Why would you only trust only one form of proof of work?  If a SHA256 or ECDSA exploit is found, BTC goes to zero.

Platforms are value neutral.  TCP/IP is being used for evil as MS/Google/Apple/Facebook aid and abet the creation of databases that would make Stalin and Honecker blush with embarrassment and shame.