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unlike other economies that are resistant to manipulation from majority stake holders? I suspect this line of thinking will usually end with "world economies a
by serf 6y ago
unlike other economies that are resistant to manipulation from majority stake holders?
I suspect this line of thinking will usually end with "world economies are backed by military groups.", to which I have no rebuttal.
- practicalpants 6y agoNot saying Bitcoin is worse just that its vulnerable... Since we don't know for sure who controls what hash power, it's even possible that quiet manipulation already takes place. On brighter side blockchain projects that require memory bound hashing algorithms are less vulnerable to takeovers since massive ASIC farms don't work afaik. Ethereum is one such approach (but ofc when they decided to undo transaction history after TheDao hack, it isn't immutable either).