..

Bitcoin Q&A: The Revolution in Trust

Written by:
Guest
Published on:
Jul/13/2017

Bitcoin's "innovation in trust," radical self-reliance, and social scaling. Everyone is following the same consensus rules. It is an emergent model for trust in a decentralised network-centric, game theoretical, market-based security system.

We're at the infancy of this technology, so right now it's very difficult for individuals to secure their own bitcoin; this creates a tendency to concentrate funds and rely on third parties.

There are two kinds of centralised exchanges: those that have been hacked and those that will be hacked. The problem is a technical skills gap - we need to make bitcoin reflexive and easy secure without centralising it. We don't need perfect security, we need reasonable certainty.

The people deeply involved in Bitcoin right now are the lunatic fringe, the "early adopters" are still five years out. If your friends are making fun of you, you're probably doing something interesting.

BetOnline now accepts Litecoin – Click on banner above for more information

Video News News

Bills Take on Patriots as -3.5 Road Favorite

Bills Take on Patriots as -3.5 Road Favorite

The line on this game was coming in at Bills -3.5 after opening as high as -5.5 earlier in the week.  Gambling911.com arrives at a number of 2.73 with a 1 to 2.5 overlay detected.

Hot College Football Action Report November 26, 2022

Hot College Football Action Report November 26, 2022

BetOnline revealed they were pretty split for the big game between Ohio State and Michigan today, November 26, but the numbers could change quite a bit ahead of kickoff in three hours. Should be a good old-fashioned Big Ten bruiser.

Syndicate