Theres a difference between verification of a physical action vs electronic tokens. And funny that you mention that example, but I literally don't have a mechanic I trust. With that said if a mechanic changes your shocks you can go to your car and see that new shocks were put on the car without knowing how shocks are built. same with any other maintenance. There is a physical shape and mass you can check to make sure someones not bs-ing you that you are aware of just by being alive.
I've used computers all my life, but have essentially no experience with coding outside of high school. I wouldnt even know how to access the 'code' behind bitcoin nevermind verifying the important claims like "How do we know theres a fixed amount of bitcoin?" or "where does the bitcoin come from that is awarded to miners?" and "How do I know my access to my wallet can't just be shut off?"
It's a simiiar mentality to why I want electronic voting systems gone. With physical systems there are ways of verifying if someone is speaking the truth just by life experience, with electronic systems you need to trust the experts.
Like I mentioned before I'm open to bitcoin (I KNOW I don't trust other crypto right now), but there is a huge psychological trust barrier to most of the population when people cant verify what they're actually holding.
nevermind verifying the important claims like "How do we know theres a fixed amount of bitcoin?" or "where does the bitcoin come from that is awarded to miners?" and "How do I know my access to my wallet can't just be shut off?"
These things are easily verifiable without having to directly access the code of Bitcoin. Anyone can download the software and run it on their computer, which downloads the entire blockchain and verifies every single transaction ever made. All anyone needs to do is visit a block explorer, which is a website that serves a searchable interface for the blockchain so anyone can verify any transaction. The only "trust" that is needed is that the miners will continue to be self-interested in earning more Bitcoin so they will continue securing the data held on the Blockchain. The miner rewards are predetermined for every block so we know exactly how much Bitcoin has been mined by adding it all up. The rewards are cut in half every four years until it reaches zero at which point the miners will only be rewarded by transaction fees.
Theres a difference between verification of a physical action vs electronic tokens. And funny that you mention that example, but I literally don't have a mechanic I trust. With that said if a mechanic changes your shocks you can go to your car and see that new shocks were put on the car without knowing how shocks are built. same with any other maintenance. There is a physical shape and mass you can check to make sure someones not bs-ing you that you are aware of just by being alive.
I've used computers all my life, but have essentially no experience with coding outside of high school. I wouldnt even know how to access the 'code' behind bitcoin nevermind verifying the important claims like "How do we know theres a fixed amount of bitcoin?" or "where does the bitcoin come from that is awarded to miners?" and "How do I know my access to my wallet can't just be shut off?"
It's a simiiar mentality to why I want electronic voting systems gone. With physical systems there are ways of verifying if someone is speaking the truth just by life experience, with electronic systems you need to trust the experts.
Like I mentioned before I'm open to bitcoin (I KNOW I don't trust other crypto right now), but there is a huge psychological trust barrier to most of the population when people cant verify what they're actually holding.
These things are easily verifiable without having to directly access the code of Bitcoin. Anyone can download the software and run it on their computer, which downloads the entire blockchain and verifies every single transaction ever made. All anyone needs to do is visit a block explorer, which is a website that serves a searchable interface for the blockchain so anyone can verify any transaction. The only "trust" that is needed is that the miners will continue to be self-interested in earning more Bitcoin so they will continue securing the data held on the Blockchain. The miner rewards are predetermined for every block so we know exactly how much Bitcoin has been mined by adding it all up. The rewards are cut in half every four years until it reaches zero at which point the miners will only be rewarded by transaction fees.