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The key is the independence of control. I could set up internet money without using crypto techniques but I would be shut down for operating such a scheme. Is t
by haskellandchill 5y ago
The key is the independence of control. I could set up internet money without using crypto techniques but I would be shut down for operating such a scheme. Is there a way to have no operator without using blockchain? In theory, but with such a setup you might as well use a blockchain because that is the exact problem it solves.
However, if government wanted to it could stomp out crypto. As decentralized as it is it's still groups of people doing things, and very visibly. For as much as the crypto community is anti-government they've been treated very nicely by most governments.