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Reason: None provided.

As the IT Director of a health care company, and with a background in software, I'm quite familiar at some level with all aspects of technology. And frankly, nobody has ever been able to answer my questions about blockchain with anything other than some form of "You just don't understand it, boomer."

Again, If the blockchain ledger is public, then government can gain control over it. How do you know whether or not the US government already controls 50%+1 of the Bitcoin ledger servers in existence? How could you tell?

Edit: For a sufficiently motivated government (the US government seems to be pretty motivated these days) what prevents this: https://braiins.com/blog/how-much-would-it-cost-to-51-attack-bitcoin

2 years ago
1 score
Reason: Original

As the IT Director of a health care company, and with a background in software, I'm quite familiar at some level with all aspects of technology. And frankly, nobody has ever been able to answer my questions about blockchain with anything other than some form of "You just don't understand it, boomer."

Again, If the blockchain ledger is public, then government can gain control over it. How do you know whether or not the US government already controls 50%+1 of the Bitcoin ledger servers in existence? How could you tell?

2 years ago
1 score