DiscussWorldIssues - Socio-Economic Religion and Political Uncensored Debate - View Single Post - Bitcoin: Or, How I Learned to Stop Worrying and Love the Cryptocurrency

**bettingonosports** · 09-06-2012, 06:00 AM

I would dispute whether there are counter-parties to bitcoin. If I recall, a bitcoin is said to be in one's possession only because other users recognise it as so. What has occurred is therefore a distribution of counter-party risk and the added element of algorithm risk.

09-06-2012, 06:00 AM	#2
bettingonosports Join Date Oct 2005 Posts 498 Senior Member	I would dispute whether there are counter-parties to bitcoin. If I recall, a bitcoin is said to be in one's possession only because other users recognise it as so. What has occurred is therefore a distribution of counter-party risk and the added element of algorithm risk.
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