missfox Posted November 1, 2017 #1 Posted November 1, 2017 Six myths about blockchain and Bitcoin: Debunking the effectiveness of the technologyhttps://www.kaspersky.co.za/blog/bitcoin-blockchain-issues/17705/ We are told only what they like us to hear, but never the weaknesses. Myths: No one "authority" controls bit coin. False. Some human manages and therefore controls bitcoin. Here mainly the miners. When the miners collude, then they are fully in control of bitcoin. If we say the miners (and the developers) cannot control and manipulate bitcoin, it is like saying no one can control the direction of a country's politics and who gets to be the government. Bitcoin is only as safe as the people behind it.
Kargai Posted November 1, 2017 #2 Posted November 1, 2017 I like the Myth n°6 : The anonymous and open character of the blockchain is a good thing. Even if i try to explain this one around me I still know lots of non-cryto people who are attracted to BTC because of that anonymity ("cool i'll buy what i can freely") or braked by it ("oh that mean it's only for criminals"). I like the one about the disappearance of the fiat currency too Thanks for sharing @missfox !
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