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Bitcoin is quite trivial to take down (spam with transactions because clearing rate is so slow). Also remember that the core promise of Bitcoin is decentralizat
by sfifs 10y ago
Bitcoin is quite trivial to take down (spam with transactions because clearing rate is so slow). Also remember that the core promise of Bitcoin is decentralization not anonymity and anyone with resources amd will like the NSA should be able to comfortably trace back users unless there's unusually good opsec (even Tor merely increases the cost of unmasking).
The point of the banking system is not necessarily high security, it's the legal frameworks and process flexibility to identify and prosecute fraud and reverse the effect of fraud of detected in time