Nope Bitcoin and Alt coins are only the beginning. Please consider studying the capabilities of Blockchain. Think Napster. Decentralizing any and all means of trade and commerce. Bigger that we think.
Ownership in any meaningful sense would involve having the ability to reverse SHA256 and/or majority control of the mining pool...
That vulnerability is known, but unproven that it could or does exist or have the potential to exist.
So even if it were created by Intel, it is secure by design, provided the majority of the mining pool is acting in good faith and the hash remains too hard to brute force reverse and/or cannot be backdoored (nobody has shown that ability), they could not exercise "ownership". In fact any demonstration of control/ownership would instantly destroy the entire thing, as its trust-ability would evaporate.
Buh Bye BitCoin....
It was created BY a CIA OPERATIVE, and you people probably didn't eve know that....
What this means is that the CIA OWNS BitCoin, 100% owns it....
Care to elaborate?
Bitcoin's creation is credited to an unknown Japanese man named Satoshi Nakamoto.
Elon Musk himself once shared a meme on Twitter (before he bought it) that pointed out the following:
SAmsung
TOSHIba
NAKAmichi
MOTOrola
That's convenient for an entity created tool.
Right, he was a CIA Agent....
Possibly a Double Agent for Japan and the CIA....
You're talking about a guy.
I'm talking about four companies.
There WAS NO Satoshi Nakamoto. It was made by corporations.
Well that's even more of a reason to not trust it, just look at what Corporations have been and are currently doing to us all around the Globe....
Nope Bitcoin and Alt coins are only the beginning. Please consider studying the capabilities of Blockchain. Think Napster. Decentralizing any and all means of trade and commerce. Bigger that we think.
Napster....
Was....
Ownership in any meaningful sense would involve having the ability to reverse SHA256 and/or majority control of the mining pool... That vulnerability is known, but unproven that it could or does exist or have the potential to exist. So even if it were created by Intel, it is secure by design, provided the majority of the mining pool is acting in good faith and the hash remains too hard to brute force reverse and/or cannot be backdoored (nobody has shown that ability), they could not exercise "ownership". In fact any demonstration of control/ownership would instantly destroy the entire thing, as its trust-ability would evaporate.
Oh right, I forgot that Quantum Computers running on Unix, or Linux or even Unicode, cannot unravel Code above 8 bits....
And I also forgot that the U.S. Govt is soo POOR that they can scarcely afford to buy old Computers running on Windows 9x....
/sarc
I have always suspected that, HOWEVER, no one has ever proven anything good or bad.
The Proof will come, for now I just wait....
Does this include bitcoin? I think he's talking about the banks "crypto dollar" or whatever they were trying to call it.
As far as I'm aware "crypto" as we know it is not backed by a central bank.
Currently, the only thing backing Crypto is thin air and the Value placed on it by the Fed Dollars thrown at it....
So when the Dollar Collapses, with it goes the Crypto....
But yeah, Trump was talking about the CBDC....
This is key. Digital currencies controlled by banks, centralized. They’ve done it with money printing and the digital dollar.
With blockchain CBDC, central banks and governments in lock step could track and control all that we do
And it would be the absolute Worst and Largest version of Direct Slavery this planet has ever seen....