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The only way bitcoin can become corrupted is if someone gains control of >50% of the hashing power of the network. I'm talking about the integrity of the syste
by googthrowaway42 6y ago
The only way bitcoin can become corrupted is if someone gains control of >50% of the hashing power of the network.
I'm talking about the integrity of the system itself, not actors within it. George Soros famously did the same thing with the British Pound but the issue with the British Pound is that it is a fiat currency that can be devalued at the whim of a handful of people controlling the system itself regardless of market forces (aka the participants in the system). When Soros or that bitcoin whale "manipulate the market" they are still acting within the system.