FellowTraveler
Joined 15 years ago
Joined 15 years ago
Actually, the unique feature that makes Bitcoin special is specifically its censorship-resistance. That's why people value it -- because it cannot be shut down.
That's what I'm interested in, I'll add it to my bookmarks and use it by default. I don't see why we want to involve exit nodes at all.
According to the article, Overstock is performing all the transactions in their own private system, with hashes periodically posted to the actual Bitcoin blockchain for transparency purposes, and regular proofs of state.
The added transparency IS enabled by the Bitcoin blockchain, and this is commendable, but the units issued by Overstock do not appear to be actually circulating on the Bitcoin blockchain itself.
It's an important distinction. We're working on this problem at my own company (Stash).
They can also start a separate company, say, an investment company, to take the gold and store it, or convert it to dollars or stocks.
There are lots of solutions made possible by Bitcoin, none of which are impacted in the slightest by the investment volatility of Bitcoin.
It's not that "eating healthy" is "more expensive" necessarily in real terms.
A big factor is the fact that our government uses the threat of violence to extract money from people, and then uses it to pay people to make less healthy food cheaper.