I guess I don't really see "I don't want to trust anyone" as a viable position. XRP's structures (at present) makes it very clear who you're trusting -- Ripple. Bitcoin's structure plays a game of hiding the ball. You don't have to trust anyone it says, but the reality is you do. As has been pointed out, you're trusting large scale miners to not collude. You're trusting the Chinese government (where most large scale miners reside) to not exert undue influence. In short, you're trusting a system that obfuscates the parties on whom your trust relies.
RE: FCK/YOU Money: The Rise and Fall of XRP
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FCK/YOU Money: The Rise and Fall of XRP
I disagree entirely.
The whole point is that the trust is decentralized. The design of Bitcoin means that it does not matter if the miners are Chinese or North Korean. You are not trusting the Chinese government. It is observablee if miners collude. The trust is not obstrufucated.
With Bitcoin, you place your trust in the code you run - only the code you run.
"I don't want to trust anyone" is absolutely a viable position.
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