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> Bitcoin is backed by node operators and widespread social consensus

Satoshi wanted it to be backed by Proof of Work, but now you’re saying Bitcoin is backed by social consensus... just like the US Dollar I guess?



Who cares what Satoshi wanted? He/she/they do not control the system.


Yes, actually. His/her/their wallet has the majority of bitcoins. If they were to move them, everything would crash.


Please stop spreading misinformation, Satoshi has 1M of a total 21M supply, if he/she/they are still alive and have access to their keys.


If a majority of miners wanted, they could block those BTC from moving.


Of course it's backed by social consensus. Money is a social construct, not sure why you're trying to move the goalposts


Proof of work is just the mechanism to determine social consensus.




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