No authority:
"#Blockchain lets people who have no confidence in each other collaborate without needing a central authority" - The Economist— RoCrypto (@Fintech_Crypto) September 16, 2017
It's a libertarian utopia... and really gaining in popularity and acceptance.
Bloomberg - Jan 18, 2018
ReplyDeleteHackers Have Walked Off With About 14% of Big Digital Currencies
Olga Kharif
The NSA hacked Bitcoin a long time ago and their "tools" are used to track and steal it.
ReplyDeleteIts just getting started Tom... much more progress than MMT in a lot shorter time...
ReplyDeleteThere may be some security features than can be improved I'm sure they are working on that...
ReplyDeleteAnd even then what is the difference to the Saudi former rich guy using the USD system now hanging upside down by his feet being beaten to tell them where all the munnie is?
He might rather take the hacking risk in retrospect...
It's not going to take off Matt:
ReplyDeleteOf Bitcoins and Balance Sheets: The Real Lesson From Bitcoin
The NSA laid out cryptocurrencies in 1996; maybe Noah is right :) http://groups.csail.mit.edu/mac/classes/6.805/articles/money/nsamint/nsamint.htm
ReplyDelete"How to make a mint"
“It's not going to take off Matt: ”
ReplyDeleteIt already has they are gaining wider acceptance for settlements every day...
Nature abhors a vacuum..
It will crash for the reasons I laid out
ReplyDelete