Blockchain is it's Power. The bitcoin blockchain is the most secure database in the world. In fact we would be wise to embrace it and use it to secure our elections. Paper ballots alone can be hacked.. 2000 mules right? Paper ballot plus blockchain is unhackabke
I love this place but the ignorance behind bitcoin, which is not a crypto currency!, is breathtaking
Doesn't matter if they control the devices we use to access it. Digital currency is the worst idea ever if you don't trust the Government. They could disconnect us in an instant.
I knew a chemist. For a while he was always upset at people calling food organic, noting that inorganic food was impossible in chemistry terms. Being a reasonable guy, he learned to accept it and got over it as the trend grew. In that way bitcoin has pretty much become the definition of cryptocurrency.
I understand the difference between blockchain and currency. But I'm not sure what the definition of cryptocurrency is. Isn't it simply currency that is not centrally controlled? Honest question.
Two methods to support the net work, proof of work, and proof of stake. Proof of work is decentralized which is protected by the number of nodes, you need 51% control to manipulate the network. Proof of stake centrally controlled. Meaning controlled by the few therefore all you need is 51% control to manipulate change modify and steal.
Blockchain is it's Power. The bitcoin blockchain is the most secure database in the world. In fact we would be wise to embrace it and use it to secure our elections. Paper ballots alone can be hacked.. 2000 mules right? Paper ballot plus blockchain is unhackabke
I love this place but the ignorance behind bitcoin, which is not a crypto currency!, is breathtaking
Agreed. So many people continue to conflate Bitcoin to DS, CBDC nonsense.
Doesn't matter if they control the devices we use to access it. Digital currency is the worst idea ever if you don't trust the Government. They could disconnect us in an instant.
If they want to start an apocalypse and make all of us literally go out and lynch these bastards, then sure.
That's not going to happen though.
I knew a chemist. For a while he was always upset at people calling food organic, noting that inorganic food was impossible in chemistry terms. Being a reasonable guy, he learned to accept it and got over it as the trend grew. In that way bitcoin has pretty much become the definition of cryptocurrency.
I understand the difference between blockchain and currency. But I'm not sure what the definition of cryptocurrency is. Isn't it simply currency that is not centrally controlled? Honest question.
Two methods to support the net work, proof of work, and proof of stake. Proof of work is decentralized which is protected by the number of nodes, you need 51% control to manipulate the network. Proof of stake centrally controlled. Meaning controlled by the few therefore all you need is 51% control to manipulate change modify and steal.