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Crypto can be extremely political if those who mine get to decide what goes on the blockchain. Let's say Dalai Lama decided to follow MicroStrategy with a 400M
by sireat 6y ago
Crypto can be extremely political if those who mine get to decide what goes on the blockchain.
Let's say Dalai Lama decided to follow MicroStrategy with a 400M purchase.
His BTC could be near unusable if China were to control some amount over 50% of mining capability.
How could that happen?
The blocks you mine you simply not process any of "undesirable transactions".
If any of the lesser miners find a block and try to add a transaction to the ledger you perform a double spend attack.