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I actually meant central authority in the software sense, not in the government sense. I'm talking about blockchain as a technology, not necessarily bitcoin. Th
by yupper32 5y ago
I actually meant central authority in the software sense, not in the government sense. I'm talking about blockchain as a technology, not necessarily bitcoin. Though of course bitcoin is a pretty successful implementation of blockchain.
It's not like bitcoin can't be regulated by governments.
- joe_the_user 5y agoSorry, didn't realize your usage. That said, I think there's a relationship between the "blockchain as application" question and the "bitcoin as economic/political system" question. Without the cryptographic and consensus parts, blockchain is just a ledger and obviously could be more easily. The only advantage that a ledger coming from a blockchain has over a conventional ledger is that you know the blockchain was (probably) obtained with this ongoing voting/consensus protocol and the main impact is you know the result is correct and wasn't imposed by some central authority.