RE: Take Back Our Tech - Links And Excerpts
Does faith in money allow Apple and Google to control everyone? I don't know. I think the way you mean "they" here is not meant for Google or Apple but perhaps you mean elites or something else? When an exchange loses people's money, the Bitcoin to dollar price drops, and that is true. When there was the first Bailin the Bitcoin to dollar price exploded. So, the evidence is certainly strong when this trust is violated by a custodian the money loses value. If we could just stop using exchanges and exchange peer to peer for goods and services we wouldn't need exchanges. However, I was hoping for a technical argument saying it was impossible.