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To: butlerweave

Tell me you have no idea how blockchains works without telling me you don’t know how blockchains work.


19 posted on 02/12/2024 12:39:55 PM PST by rednesss (fascism is the union,marriage,merger or fusion of corporate economic power with governmental power )
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To: rednesss

Blockchain preserves privacy by sending one copy to the NASA, another copy to Mossad, a third copy to Chinese intelligence and a fourth copy to the Russian secret service.

Then it is hacked into by a variety of organized crime families.

Right?

;-)


21 posted on 02/12/2024 12:52:26 PM PST by cgbg ("Our democracy" = Their Kleptocracy)
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To: rednesss
Re: "you don't know how blockchains work"

Your comment was not directed at me, but I do want to respond.

I have been following crypto and Blockchain for the last five years.

I still have no idea what is unique about Blockchain.

In my opinion, any financial trading software in the world can do exactly what Blockchain does...

Just lock the trading software on "Write Once - Read Only."

Then, archive it, in real time, on a public website.

Presto - you are now a Master of Blockchain!

My chief concern is that 20% to 35% of Bitcoins have been allegedly lost in the Blockchain.

What happens to the price of Bitcoin when quantum computers start locating all the lost Bitcoins in 10 or 15 years?

27 posted on 02/13/2024 8:02:56 AM PST by zeestephen (Trump "Lost" By 43,000 Votes - Spread Across Three States - GA, WI, AZ)
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