Iv has some questions and concerns about these subjects for awhile now however.
Im not technically inclined, so forgive me if the questions are dumb. I know what blockchain is and (sorta) how crypto works.
I just feel like we are all being corralled into this.
Wouldnt crypto create a digital cashless society and isnt that a bad thing? I know its finite but, is it still.. able to be manipulated and monopolized upon?
Block chain worries me because wouldnt that allow more dark web, human trafficking, etc to happen without any hope of stoping it?
Blockchain records are kept on computers around the world. Think of them as little notaries who verify and record the each chain transaction. Stored on multiple computers around the world. If one, ten or one hundred computers gets destroyed/hacked etc the Leger still exists on the remaining.
blockchains were extremely private and impossible to track.
It's literally, and I hate overusing that term, the opposite. The entire purpose of blockchain technology is to bring transparency to finance. The system we have in place now with slush funds and money laundering is what's hard to track.
This is a great dig!
Iv has some questions and concerns about these subjects for awhile now however.
Im not technically inclined, so forgive me if the questions are dumb. I know what blockchain is and (sorta) how crypto works.
I just feel like we are all being corralled into this.
Wouldnt crypto create a digital cashless society and isnt that a bad thing? I know its finite but, is it still.. able to be manipulated and monopolized upon?
Block chain worries me because wouldnt that allow more dark web, human trafficking, etc to happen without any hope of stoping it?
Ohhh
I was under the impression blockchains were extremely private and impossible to track. This makes more sense.
Its not encrypted data to the point its unreadable. Its encrypted to the point that its difficult to alter or spoof, and its all publicly accessible.
Oh. Thanks.
Blockchain records are kept on computers around the world. Think of them as little notaries who verify and record the each chain transaction. Stored on multiple computers around the world. If one, ten or one hundred computers gets destroyed/hacked etc the Leger still exists on the remaining.
It's literally, and I hate overusing that term, the opposite. The entire purpose of blockchain technology is to bring transparency to finance. The system we have in place now with slush funds and money laundering is what's hard to track.