I once heard Paul Snow give an interesting thought experiment. He said: "Think about the most dishonest person in the world you can think of. Now, do you think they want to live in an honest world?". What he was saying was that, at the end of the day, even the most dishonest people in the work and the most corrupt politicians still want those around them to be honest with them and if they can, they would want to enforce this honesty. This is how, I think technologies like bitcoin stand a chance. Even in the most corrupt places in the world
You are viewing a single comment's thread from:
Ah. Interesting perspective. It's good to examine the extremes, and plan for that in the model too.
It makes me think about Nassim Taleb's concept of antifragility, where systems are beyond robust in that they gain from disorder and chaos, and don't just resist it. Evolution by natural selection is one such example.
And now that I think about it, Bitcoin might be antifragile too. It doesn't reward dishonesty, therefore it disincentivises corruption. And by removing the bureaucracy around txns, the market forces out corruption.
This is only a semi-formed idea in my head and I might return to it later. Just planting seeds because I appreciate the discussion =)