Cory Klippsten Slams Mike Novogratz Over Bitcoin Trust Claims
- Klippsten stated that BTC doesn’t work because of trust, but because anyone can verify.
- His main point is that users need not trust anyone, not governments, banks, or others.
- Mike Novogratz said that Bitcoin’s value is really built on faith in its network.
Cory Klippsten, CEO of Swan Bitcoin, responded to comments from Galaxy Digital’s CEO Mike Novogratz, rejecting the idea that Bitcoin’s value or usefulness comes mainly from trust or shared belief among its users.
Klippsten stated that Bitcoin doesn’t work because of trust, but because anyone and anywhere can verify.
His main point is that users don’t need to trust anyone: not governments, banks, exchanges, developers, big-name Bitcoin advocates, or even the whole crypto community. Instead, they can just check and confirm every important property about the network for themselves.
Swan Bitcoin’s CEO is …
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