Cornell researchers detail why I'm correct about the Global ID and Central Auth - page 2.

First read this if you care about Bitcoin

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http://hackingdistributed.com/2014/06/16/how-a-mining-monopoly-can-attack-bitcoin/

How A Mining Monopoly Can Attack Bitcoin

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Now see the only solution:

https://bitcointalksearch.org/topic/the-free-market-has-failed-bitcoin-needs-a-central-authority-and-global-id-757027

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now if you care about your investment read this below

Sure you can try to patch the code blah blah , but how will it be achieved?

it can't be, you would have to hard-fork Bitcoin and start again upon which its basically an Alternative fork currency in which case a move to multi PoW and other innovations would be make sense like the mini blockchain etc.

ok that could be done, upon which what is going to happen?

- The free market will take over
- The price will collapse to its base money

if you are an investor holding BTC right now do you want that?

what is far more profitable?

the solution I provide is the only answer its actually the only chance to try to maintain monopoly.

you need to understand my mind works in game theory, you have a much better chance to convince a malleable uneducated public that a central authority is needed; hold onto monopoly and keep the valuation impressively high; because the alternative is where you are.

The Gobal ID can be called a "trust verification system" to ensure no monopolists can double spend or take these actions listed in the Cornell analysis.

Topic: Cornell researchers detail why I'm correct about the Global ID and Central Auth - page 2. (Read 1935 times)