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And you were doing so well until you said "the blockchain". (The singular with a "the" means the Bitcoin blockchain, which is increasingly centralised under a
by davidgerard 11y ago
And you were doing so well until you said "the blockchain".
(The singular with a "the" means the Bitcoin blockchain, which is increasingly centralised under a decreasing number of Chinese mining pools. And this is apart from the stupendous list of problems with literally every single aspect of Bitcoin. It may not be a great idea to pin any of our hopes on the digital Cue::Cat.)
- superobserver 11y agoGlad someone already said what I was going to say about the Blockchain tech. There's no security in that, especially given the feudal nature of the bitcoin market (now and going forward).
- davidgerard 11y agoIndeed. I forgot to add: And when the NSA is our threat model, an inviolable record of every transaction ever, that lawyers refer to as "prosecution futures", may not be the technology of choice.