I am into cold storage of BTC BIGLY (for me), and am comfy, but this new FUD just came up. I'm an old fart, and have seen and experienced the multitude of corruptions by ungodly men all over this world, so am eternally vigilant.
I just had a nightmare.
I dreamed that more than 51% of all the miners are made by the same company (in China), with the same chips, with the same backdoor to the program. This would give a centralized entity the power to shut down, or corrupt, the ledger, the Bitcoin universe.
Biblically speaking, we are told how a little leaven can spoil the loaf. I've seen it occur repeatedly, all over the world, in all forms of business and government.
So I ask you, when you review the entire operating system of Bitcoin, is there any aspect of the Bitcoin blockchain system, hardware and software that has a centralized vulnerability or point of attack?
I suggest to look into a deeper rabbit hole that I explained here:
https://darthcoin.substack.com/p/natural-law-and-bitcoin
I am into cold storage of BTC BIGLY (for me), and am comfy, but this new FUD just came up. I'm an old fart, and have seen and experienced the multitude of corruptions by ungodly men all over this world, so am eternally vigilant.
I just had a nightmare.
I dreamed that more than 51% of all the miners are made by the same company (in China), with the same chips, with the same backdoor to the program. This would give a centralized entity the power to shut down, or corrupt, the ledger, the Bitcoin universe.
Biblically speaking, we are told how a little leaven can spoil the loaf. I've seen it occur repeatedly, all over the world, in all forms of business and government.
So I ask you, when you review the entire operating system of Bitcoin, is there any aspect of the Bitcoin blockchain system, hardware and software that has a centralized vulnerability or point of attack?
Take your time to answer.
Thanks.