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Topic: ZeroHedge : with Bitcoin, that key is controlled by Gavin Andresen ... ?!? (Read 391 times)

legendary
Activity: 4214
Merit: 4458
are they referring to the github repository 'key' that finalises individuals efforts into a final commitment
are they referring to the alert 'key' that just sends a notification to nodes.

well its not only gavin that used/no longer gavin that uses these.

now its in the hands of blockstream

and this is why we need more diversity and more alternatives so that blockstream dev's are not the only ones dictating the road bitcoin should take.
i do find it funny that they mention gavins name when its obvious gavin is not involved in core.

but i guess its phase three of the RECKed campaign.. to point fingers away from blockstream and towards a dev thats not blockstream to switch the victim/perpetrator visual.
legendary
Activity: 1512
Merit: 1011
http://www.zerohedge.com/news/2017-01-07/bitcoin-good-gold

Quote
Another claim we don’t agree with is that Bitcoin is as free of counter-party risk as gold. What we have seen with Ethereum, another nascent cryptocurrency, is that these virtual currencies ultimately have a master key. With Ethereum, that key is controlled by a council that decides its future inflation rate; with Bitcoin, that key is controlled by Gavin Andresen, an engineer based in Massachusetts. There’s no guarantee that they won’t change the source code for the Bitcoin blockchain in the future, and when you “own” a Bitcoin you simply refer to the blockchain - a distributed ledger that tells you what and how much you own. In this regard, we don’t agree that Bitcoin does not have custodial or counter-party risk; the blockchain itself is the fat tail.


 Wink Bitcoin and private key (bitcoins) are controlled by the user ... not by the developpers (or the developper).


Please, correct this.  Tongue
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