Oddbean new post about | logout
 Which is more important for bitcoin?

1) Monetary properties
2) Social consensus 
 Obviously both  
 2 
 I’m interested to hear your reasoning, too 
 Just broadly applying people and  “network effect” to keep anything going … 
 Yeah, pristine financial freedom tech which only five guys in a room somewhere have heard of isn't going anywhere! 
 1) + P2P privacy

Bitcoin is not a democracy. 
 What do you think is the best hope for achieving P2P privacy? 
 We still need the public control of the blockchain. Hiding the ip of relay is good.  
 I don’t know the answer to this question.

I would keep eyes on @calle 👁️⚡👁️ @OpenSecret  and Steve Lee/bolt 12 crew to further my understanding. 
 Well done for acknowledging that there are two sides to the equation. I am going with the adoption pocket being the most important thing. If it is cohesive enough, members can get their needs met without recourse to much tech.