@RealFakeNews
What does he mean by "have fun with the crypto currency community"? I read this negatively, as in he will create them problems. Regulation? Ban?
Just about anything the US government does would affect cryptocurrency markets in a negative way. One of the most damaging things they could do would be to have the Treasury issue their own form of digital cash. Who would bother working with one of the stablecoin alternatives with that in place? It would also erode the market for "proof of" value-derived cryptocurrencies, because very few people want to bother with all that speculative busywork.
What is the obsession with Blockchain? Own more than half the network, and it's broken.
That's not necessarily true of all implementations. As Bitcoin's growing pains have shown, there are a lot of alternative solutions bubbling around that address various issues that have been encountered. And it should go without saying that a government-controlled ledger, even if essentially decentralized in normal operation, will be the ultimate authority of how the system operates.
Wasn't it shown recently that a certain crypto currency had been the victim of fraud through multi-spending of coins?
And? The potential of fraud exists for all conventional currencies, too. It doesn't make sense to single out the bad implementations. The only real questions blockchain technologies address are ones that can be answered by a public ledger of secure signatures. Everything else is up for grabs.
I wonder how many transactions are actually fraudulent, in terms of crypto currency itself being attacked. Strange that everyone believes it to be 100% accurate and honest up to now.
Nobody believes that if they have any understanding of how the various implementations work. The real question is what forms the fraud can take and what, if anything, can be done to correct the errors.
That's the inherent problem with encryption: whether it's quantum attacks or just law enforcement agencies trying to mandate backdoors, once it's crackable, the genie is out of the bottle. You must have larger policies in place that limits the amount of damage that can be done when certain parts of the system fail. There are all sorts of examples of that not being done, and so we are consequently surrounded by these fragile infrastructures which we pretend are the basis for a safe and secure society.
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