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RE: EP79: Let’s Chat About Bitshares, Steem and EOS (donating 100% of SBD)

in #dtube7 years ago

Our man @lukestokes resteemed this post and that brought me here.

I have been listening to him for some time now and I always enjoy it. There is so much truth in when he states his initial reaction - 'fake internet money'. Most of us react that way and until the way we actually look into the technology and realize the truth of the idea behind it. I can totally understand his willingness to go into it full time.

There are a lot of common areas of interests that crypto enthusiasts share. Bullion is also definitely one of them . I think a lot of people here on Steemit too look at the blockchain as a means to get free from the slave hood of the current economic system. Gold is a store of value in true sense of the word 'value'. Now that is is illegal or semi-illegal to use gold as fiat - our minds and genetic memory find this against what we believe. The truth is that gold cannot be copied or artificially created and thus we instinctively trust it.

Blockchain gives us the next best option - the book/ledger is distributed in such a way that it cannot manipulated until each and every node master betrays it. Quite an statistical impossibility.

Once again glad to here the interview, thanks.

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Actually you don't technically need "each and every node master" to betray it - 1/3 + 1 is enough to prevent consensus.
Sorry, in a waiting line, killing time :-)

Yes you are right :-)
If it doesn't become statistically impossible than it would be closer to improbable.