Open-Mindedness | Principles of Bitcoin Series | Episode 5 (WiM258)
The "What is Money?" Show
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Is Open Source Technology a Threat to the Security Model?
When we started the coin gold, it sort of flipped from being an open source technology to having at least a component of a closed source technology. So that's why it was valuable, right? It might sound a little strange to think of it that way, but gold is effectively representing that open source ethos in an analog monetary technology. When you introduce counterparty risk to a system, this is a problem in the security model.
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