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re: Bitcoins Will Establish New Economic Aristocracy
Posted on 4/24/13 at 10:33 am to Poodlebrain
Posted on 4/24/13 at 10:33 am to Poodlebrain
quote:quote:
Thus, Bitcoin is only “peer-to-peer” in the sense of the British Peerage system. Bitcoin “commoners” must appeal to their “lords” who have sufficient means to judge on validity of transactions and to seal those transactions as valid, likely for a fee." (LINK )
Would any of the Bitcoin advocates care to refute this criticism of Bitcoins? This criticism flies in the face of the arguments about the libertarian nature of Bitcoins.
How can a British commoner become a British lord? He can't
How can a bitcoin "commoner" become a bitcoin "lord"? Buy hardware and become a node
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