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> You are fully in control of your funds with cryptocurrency. There is no middleman that can say "no, sorry, you can't use your money today." Don't blockchains
by lottin 5y ago
> You are fully in control of your funds with cryptocurrency. There is no middleman that can say "no, sorry, you can't use your money today."
Don't blockchains rely entirely on transaction processors, i.e. middlemen, to process transactions?
- rtkwe 5y agoMiners could in theory decide to blacklist transactions from particular addresses which are pseudoanonymous. It's a harder coordination problem because miners are less geographically concentrated since the mining ban in China [0] but it's not inconceivable for a country to restrict mining in that way though which would pretty quickly restrict your ability to get transactions included successfully because you'd have a double gamble first on a non-restricted miner including you then on being included on their block (which you could increase by overpaying transaction fees). [0] https://www.visualcapitalist.com/after-chinas-crypto-ban-who-leads-in-bitcoin-mining/ https://www.visualcapitalist.com/after-chinas-crypto-ban-who...
- aaaaaaaaata 5y agohttps://cryptoslate.com/wp-content/uploads/2018/03/loopring-exchange-process-669x1024.jpg https://cryptoslate.com/wp-content/uploads/2018/03/loopring-...