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I wonder who is mining the blocks? Since this is launched by the government, are they the one doing all the mining? In that case, isn't the currency vulnerable
by laurent123456 10y ago
I wonder who is mining the blocks? Since this is launched by the government, are they the one doing all the mining? In that case, isn't the currency vulnerable to the 51% attack (i.e. the government could essentially "print" digital money as they wish)?
- Kinnard 10y agoWell, it wouldn't be "vulnerable" to a 51% attack, this would just be controlled by a mint which was the model for cryptocurrencies until Satoshi figured out mining: http://digitalcommons.wcl.american.edu/cgi/viewcontent.cgi?article=1389&context=aulr http://digitalcommons.wcl.american.edu/cgi/viewcontent.cgi?a... https://static.aminer.org/pdf/PDF/000/120/358/universal_electronic_cash.pdf https://static.aminer.org/pdf/PDF/000/120/358/universal_elec...