Some of you might get it

[Anonymous No.13101328]

Confidence alone is the basis of money.
Now we have this technology that eliminates trust.
What does this mean for the world and society at large?

[Anonymous No.13101353]

>>13101328
is that image supposed to be related to alchemy? Explain

[Anonymous No.13101382]

Trust is never eliminated, you always have to have trust. Bitcoin trades banks for miners and exchanges.

[Anonymous No.13101392]

>>13101353
Of only you knew

[Anonymous No.13101574]

>>13101392
I didn't ask for a snarky non answer. Is it the jews anon?

[Anonymous No.13101585]

>>13101328
Link.

[Anonymous No.13101600]

[Anonymous No.13101710]

>>13101574
Yes
Little did you know we were the Jews this whole time

[Anonymous No.13102135]

>>13101328
That money can be printed endlessly.
Since now you can rely on smartcontracts to determine if the criteria for payments are fullfilled or not; money can be made abundant. Thus a meritocracy can be established based on the amount of skills, knowledge, creation output of an individual as opposed to his bank account? And thus society has the ability to focus more on talent building as opposed to subsistence?

Thinking out loud.

[Anonymous No.13102159]

>>13101328

Faith is a much better word for it than confidence.

[Anonymous No.13102160]

We're not entirely eliminating trust. Where does this meme come from that all cases of trusting another person are removed due to crypto technology

[Anonymous No.13102261]

>>13101328
Confidence? Most people aren't confident. They don't even know how money works or what it is. They believe it has some kind of value or rather are simply conditioned with it from birth and it has never even occurred to any of them to ask any questions apart from the simple stuff every child does to which the parent will usually respond ''stop asking all these questions.''

>Some of you might get it
I get that you're a fool.

[Anonymous No.13102318]

Anyone who knows how money works would be the exact opposite from confident. He'd be aware how utterly ridiculous and a sham and scam this system is and that it can collapse to ruins with the snap of a finger.

[Anonymous No.13102440]

>>13101382
miners cant reverse transactions( unless they control 51%, which is pretty much impossible given the sheer amount of expenditure that would be required)
miners cant block users bitcoins wallets, banks can stop transactions and freeze accounts
exchanges are similar to banks, but the solution is simply to control your own private keys in an offline wallet
Bitcoin is revolutionary, hashrate is continuously growing making it more decentralised

[Anonymous No.13102666]

>>13102261
He is referring to the fact that the money system is based on confidence you absolute pleb.

[Anonymous No.13102904]

>>13101328

I’d imagine we need an entirely new monetary system. Just please tell me ripple doesn’t become the winner