Yes! We need to go back to the gold standard. Blockchain technology is great for some things but as a currency absolutely not. There is nothing behind it and as far as I am aware it's still susceptible to a 51% attack.
I used to think this also, pede, but blockchain is not quantum proof. It can be busted by quantum computers now and as far as I am able to find out, they have not developed quantum proof algorithms to inhibit them from say cracking a bitcoin wallet.
The thing is they don't even need to do that. China has 70%+ of the total hash power. At the drop of a hat they can replace the entire blockchain and crypto instantly goes to zero.
What if I told you Trump likes physical gold.
Yes! We need to go back to the gold standard. Blockchain technology is great for some things but as a currency absolutely not. There is nothing behind it and as far as I am aware it's still susceptible to a 51% attack.
I used to think this also, pede, but blockchain is not quantum proof. It can be busted by quantum computers now and as far as I am able to find out, they have not developed quantum proof algorithms to inhibit them from say cracking a bitcoin wallet.
The thing is they don't even need to do that. China has 70%+ of the total hash power. At the drop of a hat they can replace the entire blockchain and crypto instantly goes to zero.