The rules in Bitcoin are enforced by cryptography and the CPU-majority. So long ...

weavejester on June 19, 2011 | parent | context | favorite | on: 500k Bitcoins traded in 1h, Mt.Gox market hacked +...

The rules in Bitcoin are enforced by cryptography and the CPU-majority. So long as public key encryption works, and the majority of Bitcoin mining power is put to honest use, the system is trustworthy.