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Schneier on security for tomorrow’s software (Changelog Interviews #490)

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The Block Chain Is a Myth, Right?

Digital currencies are easy to spy on, what your citizens are doing, et cetera. Coin base has a data base, just like ten mo, that allocates ownership. The whole block chain is largely a myth for users. Most people who actually think they have bit coin don't actually have bit coin; the block chain does seven transactions per second.

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