Topic: [2015-05-20] BBC - Bitcoin's baby: Blockchain's 'tamper-proof' revolution (Read 456 times)

Kprawn

legendary

Activity: 1904

Merit: 1073

This seemed as though it was quite positive, until you spot the small poking going on in the background. {Yes it's good for this... BUT}

This question, which they say, is still unanswered, has been debated so many times... anyone care to explain it again?

Quote : "Why would we assume that now and forever no one entity could command more than half of the computing power of the people mining a Blockchain?" asks Prof Jonathan Zittrain."

Explain to them, how much it would cost to maintain such a dominance and how miner pools work. Roll Eyes

.... Always the same shill shite from the same people.

Mowcore

hero member

Activity: 592

Merit: 500

BBC.co.uk - Bitcoin's baby: Blockchain's 'tamper-proof' revolution

Quote

For Bitcoin, 2014 was not a good year. The virtual currency's value slumped as scandal after scandal struck, resulting in many people losing significant amounts of money.
Over recent months the "cryptocurrency" has stabilised, however it is still worth less than a quarter of its peak value against the dollar.
But while Bitcoin's long-term prospects may remain in doubt, some are suggesting that its underlying technology - the Blockchain - has a bright future.

http://www.bbc.co.uk/news/technology-32781244

Bitcoin Forum>Bitcoin>Bitcoin Discussion>Press

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