Topic: Why do you trust bitcoin in one sentence. - page 4. (Read 4899 times)
I can be my own bank with the security of math.
Mass collaboration around an open protocol.
Who would have guessed that all the math we studied in college would lead us to a truly free market.
Can't remember where i saw this quote:
Can't remember where i saw this quote:
Quote
In bitcoin 2+2 always equals 4, no matter how much guns you point at it
Cryptography keeps it secure, decentralized keeps it from corruption, open source keeps it honest, and limited supply keeps it from inflating.
That is why I trust Bitcoin.
That is why I trust Bitcoin.
Is gaining popularity all about trust? Trust isn't needed for people to use it. They might use it because it's cheaper, more convenient and safer than alternatives.
Then there are two different levels of trust involved.
I trust the transaction system because it is completely open and understandable. No shady things going on. I can watch what's happening.
Do I trust that the value stored in my bitcoins will not evaporate one day? Not really. But I'll still use them because of these earlier mentioned three reasons.
Then there are two different levels of trust involved.
I trust the transaction system because it is completely open and understandable. No shady things going on. I can watch what's happening.
Do I trust that the value stored in my bitcoins will not evaporate one day? Not really. But I'll still use them because of these earlier mentioned three reasons.
Not only does Bitcoin have the potential to become a global currency without the backing of any government or organization, it eliminates the need to rely on payment processors for online payments.
Edit: I realize this doesn't quite answer the question but it was an off-the-cuff response. When I have a bit more time, I'll write a more accurate and concise statement.
Edit: I realize this doesn't quite answer the question but it was an off-the-cuff response. When I have a bit more time, I'll write a more accurate and concise statement.
I've read the white paper and know how it works.
If we want bitcoin to be popular we need a much wider set of reasons about why you trust bitcoin in one sentence we need the small details map that leading to the main reasons.
So Why do you trust bitcoin in one sentence.
So Why do you trust bitcoin in one sentence.
Not created out of thin air like actual bank currencies.
Voluntary decentralized non-human controlled currency backed by people.
It's got everything that fiat-money doesn't have:
*centralized
*mandatory (for taxes)
*human-controlled (central banks, politics)
*backed by decree
It's got everything that fiat-money doesn't have:
*centralized
*mandatory (for taxes)
*human-controlled (central banks, politics)
*backed by decree
cryptomancy and free market
Humans are flawed, math is pure.
"Democracy" has been gamed to death, long live the blockchain!
B00bies.
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Free competition.
Math.
Bitcoin isn't run by people, who can be corrupted, bribed etc - it's run by math.
Why do you trust BTC in one sentence
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