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I don’t know why your comment is being downvoted. That was my understanding as well. A distributed ledger is much harder to tamper with, which is why “blockchai

• lawn 7y ago
  I did not downvote him, but a cryptocurrency is only tamper proof because the entities that decide the rules are distributed (in Bitcoin it's the miners who extend the blockchain). So to being down the Bitcoin network you need to bring down all the miners, which is basically impossible. But here there's only a single entity that decides the rules. So if you shut down riksbanken's servers, the servers that are deciding which transactions are valid, you essentially shut down the network. Sure you can have thousands of servers around the globe sharing the last seen state or new but not yet verified transactions, but that's not a very useful network. They would instantly be discarded once riksbanken's servers come online to sort out the mess. You can have this problem in Bitcoin too, if you isolate a majority of the miners from the rest of the network, essentially splitting it in too. But that's much harder to do. Edit: Here I refer to deciding double spends, which the critical problem any digital currency needs to solve. Without it anyone can print money out of thin air.