JulianMorrison comments on Less Wrong used to like Bitcoin before it was cool. Time for a revisit? - Less Wrong

16 Post author: betterthanwell 20 June 2012 01:40PM

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Comment author: JulianMorrison 22 June 2012 11:12:55PM *  -1 points [-]

The idea is that you accept default risk only from people to whom you can apply social arm-twisting. This includes them arm-twisting you not to overextend credit or take risky debt.