The most elegant aspect of Bitcoin is that it assumes that people are greedy and will act on their own self interests

So often in our society we devise systems that trust people to act in the interest of others. Time and time again we have seen this fail. Particularly in governance systems. In Bitcoin the proper incentives were put in place to devise a system where greed is actually productive.

I have known this for a long time, but for some reason today it stood out to me as something very exciting



Submitted March 20, 2018 at 07:43PM by TG_King http://ift.tt/2HOnXo9

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