"I think a lot of people are underestimating the way in which Bitcoin and the Blockchain are going to change the power structures in society in general. I mean, I grew up in the US and uh, I see all these people [saying] "Like yeah, nuke everyone in the Middle East and kill them all".
And then they have the former Secretary of State Madeline Albright on 60 minutes, one of the most popular popular news shows in the US, And they ask her "There are reports that more than 500,000 Iraqi children have died as a direct result of US sanctions". And she looks back at her with a straight face and she goes "It was really a tough decision, but I think that it was worth it."
Worth murdering half a million kids because of what the Government did? And I apologise for crying, but it just disgusts me from my core when I see Government people murdering people around the world. It's not just theoretical, these are real people with real lives. And its real people and Bitcoin has the power to undermine everything they're doing to people around the world. And I'm sorry for shouting, but it just disgusts me what these people in Government do. And they do it through Central Banking and through control of the money supply, and Bitcoin takes that away from them"
And I'm sorry for shouting, but it just disgusts me what these people in Government do. And they do it through Central Banking and through control of the money supply, and Bitcoin takes that away from them"
Yet Bcash through massive blocks would replace these "Government people" with their own "Government people". Assuming the network was to look like how Roger Ver envisions it, that a "dozen or so nodes" is decentralised enough. This network would replace Central Bank board rooms, decentralised by a "dozen or so" people with a "dozen or so" mining nodes. So you're replacing a cartel with a cartel, and they'd continue similar policies and actions as the previous cartel through systemic corrupted actions (Note: Not caricature, "single point of failure", "Dr Evil"style, easy to spot corruption/actions).
This Bcash vision is different to Bitcoin, which currently has a "long tail" of small miners. The "long tail" of small miners ensures that the economic majority can always choose what they believe is the real Bitcoin. If the Bcash network were actually to be used significantly (Which it isn't), small miners would not be able to afford to remain competitive, and would disappear. This would enable the remaining miners to coerce the economic majority to what they believe is best for the network.
