Bitcoin’s public blockchain may be its biggest flaw. This is according to Edward Snowden, the infamous US whistle-blower. While everyone is concerned about the transactional limits of Bitcoin, very few give thought to the implications of its public ledger in regard to privacy. A much larger structural flaw Describing the public ledger as Bitcoin’s “much larger structural flaw”, Snowden expressed his reservations about Bitcoin’s ability to support global trade in the long haul while the complete purchase history of its users is publicly available to everyone: The much larger structural flaw is its public ledger that’s simply incompatible with having an enduring mechanism
Powered by WPeMatico