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I'm probably thinking of something different - but wasn't it clear in the bitcoin protocol itself that if a single actor controlled a majority percentage of the
by dedward 15y ago
I'm probably thinking of something different - but wasn't it clear in the bitcoin protocol itself that if a single actor controlled a majority percentage of the bitcoins out there, the model falls apart and is at risk?
- rmc 15y agoSorry, we have our wires crossed. You can still transfer bitcoins from one person to the other. An exchange is a website that allows you convert bitcoins in USD. MtGox controlled about 90% of the BTC↔USD conversions.