I did enjoy the video, but I also feel we should concentrate on the positive things associated with Bitcoin and close the books on the negative stuff. {Silkroad / MtGox etc.}
The future is bright for Bitcoin, if we focus on the positive things.
Topic: Bitcoin 101: What happens when we decentralize money? (Read 875 times)
I think once we have huge merchant adoption of BTC, we would for the first time feel, what decentralized money means... until then, we will have semi-decentralized money.
I did enjoy the video, but I also feel we should concentrate on the positive things associated with Bitcoin and close the books on the negative stuff. {Silkroad / MtGox etc.}
The future is bright for Bitcoin, if we focus on the positive things.
I did enjoy the video, but I also feel we should concentrate on the positive things associated with Bitcoin and close the books on the negative stuff. {Silkroad / MtGox etc.}
The future is bright for Bitcoin, if we focus on the positive things.
I never watch a video like this, because it's full of English. Usually I will easily get boring, but with this topic (BTCitcoin) I become more interested and suddenly I just can understand it. This is so great, and made me more confident to use BTCitcoin.
I watched the full vid. Scott is great as usual. Just I think that the mention of Marijuana & Porn was unnecessary to prove freedom. That does not go well with mainstream...
Cool video, good to him him in the community. I remember this guy from the Shit Bitcoin Fanatics Say video https://www.youtube.com/watch?v=reo7WbibxaQ
Nice sharing. Always for looking for good presentations like this on Bitcoin. Thank you.
Great video. Not so many people have a good insight about the fiat money system as him
shame though despite all the talking up bitcoin is very centralised 
How is it "very centralized"?The protocol itself is decentralized. Some people owning a lot of currency is a side effect of the free market. Everyone was free to get in at the beginning.
Bitcoin is inherently decentralized, but the bitcoin ecomony is highly dependent on fiat currency, which is controlled by banks and the governments they own. That's why the reality is that bitcoin will be centralized until it breaks free of dependence on fiat, which means mainstream acceptance by merchants and consumers.
How is it "very centralized"?
The protocol itself is decentralized. Some people owning a lot of currency is a side effect of the free market. Everyone was free to get in at the beginning.
The protocol itself is decentralized. Some people owning a lot of currency is a side effect of the free market. Everyone was free to get in at the beginning.
But what about people who were unknown to it??? How can everyone be said free without the exposure done at a global level in order for everyone to get a fair chance to get in???
How is it "very centralized"?
The protocol itself is decentralized. Some people owning a lot of currency is a side effect of the free market. Everyone was free to get in at the beginning.
The protocol itself is decentralized. Some people owning a lot of currency is a side effect of the free market. Everyone was free to get in at the beginning.
But what about people who were unknown to it??? How can everyone be said free without the exposure done at a global level in order for everyone to get a fair chance to get in???
Because the opportunity to know it was there. You have Internet, you have the ability to comprehend and create, so you could have been made aware of bitcoin early on. Whether you did or didn't is a separate topic.
How is it "very centralized"?
The protocol itself is decentralized. Some people owning a lot of currency is a side effect of the free market. Everyone was free to get in at the beginning.
The protocol itself is decentralized. Some people owning a lot of currency is a side effect of the free market. Everyone was free to get in at the beginning.
But what about people who were unknown to it??? How can everyone be said free without the exposure done at a global level in order for everyone to get a fair chance to get in???
shame though despite all the talking up bitcoin is very centralised
How is it "very centralized"?The protocol itself is decentralized. Some people owning a lot of currency is a side effect of the free market. Everyone was free to get in at the beginning.
Nice graph, but I think decentralising money will not topple the glass and spread out even, there is greed in everyone of us, how tiny it may be. Some will try harder to get more and more scamming and stealing. And to no surprise it will be the same top 20% who have scammed and stolen the whole of society. Nothing will change.
Think of the changes wrought by the end of feudalism and the idea of separating church and state.
Now imagine how the world might change when we separate money and state. It'll be great for the vast majority, and awful for the tiny few who prefer monetary policy which produces this:
Now imagine how the world might change when we separate money and state. It'll be great for the vast majority, and awful for the tiny few who prefer monetary policy which produces this:
shame though despite all the talking up bitcoin is very centralised
Good one, informative...
Thanks for sharing such an awesome video...
Very true said by the person that it's about our freedom and using our money without any boundaries...
Thanks for sharing such an awesome video...
Very true said by the person that it's about our freedom and using our money without any boundaries...
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