Ubiquitous identification and reputation Get benefits everywhere for being a good guy Get ostracized everywhere for antisocial behavior Huge incentive to not be a butthead Decentralization of justice Enables competing judges and investigators Everyone can choose whose judgement to trust Non-violent justice Ostracism is cost-effective Encourages compensation over punishment Economic benefit Reduces risk of trade or loan, thus reducing price
Full article: http://www.rvl.io/mmalmi/identifi
@bitcoinnews
»
24 Feb '13, 11am
@bitcoinmoney
»
24 Feb '13, 11am
@fuckyeahbitcoin
»
25 Feb '13, 8pm
@kyuupichan
»
24 Feb '13, 9pm
@Beautyon_
»
24 Feb '13, 4pm
@seansposito
»
24 Feb '13, 11am
Actually, Satoshi wrote bitcoin for exactly the reasons—banking efficiency, and trusted third parties—that you said he did...
I've always had this nagging feeling about Coinbase’s exchange service and I just couldn't quite put my finger on it. The ...
