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The Sunday Debate: Blockchain, Quantum Leap Forward or Digital Snake Oil?
Intelligence Squared
Is There a Need for Lawyers?
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The system itself is subject to a type of constraint, which you no one should actually have control over more than 50 % of the computing power in the network. The problem is, what if i make a transaction, and this transaction was not meant to you, but to some one else? Then usually i woll be able to go to my bank and revert that transaction. Whereas here, i cannot, because one sits down once it has been validated, no one has actually the capacity to revert it. Same thing if some one is stealing my bid koins. In other validate alsonota transaction. So as long as you stay under the 50% threshold, then, at least until now
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