The Economist:

The original paper that sparked the creation of Bitcoin has since been supplemented by layers of agreed-upon protocol, updated regularly by the system’s participants. The protocol, like the currency, is a fiction they accept as real, because rejection by a large proportion of users—be they banks, exchanges, speculators or miners—could cause the whole system to collapse. Mr Hearn notes that he and other programmers who work on Bitcoin’s software have no special authority in the system. Instead, proposals are floated, implemented in software, and must then be taken up by 80% of nodes before becoming permanent—at which point blocks from other nodes are rejected. “The rules of the system are not set in stone,” he says. The adoption of improvements is up to the community. Bitcoin is thus both flexible and fragile.

Is it just me, or does this entire paragraph reads like the explanation of The Matrix?

  1. sioux-me reblogged this from parislemon and added:
    ^ Wow. That’s exactly what it reads like.
  2. argumentumbaculinum reblogged this from parislemon
  3. liveinkbits reblogged this from parislemon
  4. taotsu2 reblogged this from parislemon and added:
    Agreed. I cannot help it, but don’t take bit coins any serious. But it’s a nice mirror to capitalism overall.
  5. digitizedsociety answered: Don
  6. notthatlargo reblogged this from parislemon
  7. sdkkds reblogged this from parislemon
  8. stevedondley answered: At the end of the day, all of reality is just a construct we negotiate and mediate over. None of the rules we play by are set in stone.
  9. nicktfried reblogged this from parislemon
  10. beachbunnyescort reblogged this from hardlysweetsugar and added:
    Bitcoin scares the fuck out of me. I feel like they are solving some ultimate algorithm for some crazy evil master plan,...
  11. mediumunicycle reblogged this from parislemon
  12. messedupelectro reblogged this from parislemon and added:
    It reads a lot like a community working on open source software. The matrix reads more like religious text if anything.
  13. steffmn reblogged this from parislemon and added:
    Yep
  14. hiiighprincess reblogged this from parislemon