Yes, I know that it still exist, and yes, decentralized currency which utilizes distributed, cryptographic validation is not actually a strictly bad idea, but…
Is the speculative investment scam, which crypto substantially represented, finally dead? Can we go back to buying gold bars and Pokemon cards?
I feel like it is, but I’m having a hard time putting my finger on why it lost its sheen. Maybe crypto scammers moved on to selling LLM “prompts?” Maybe the rug just got pulled enough times that everyone lost trust.
Bitcoin miners validate transactions on the network, so if one entity controls a majority of all miners, they can validate their own fraudulent transactions
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Can you elaborate on how one could print bitcoins if they controlled 50% of the network?
Bitcoin miners validate transactions on the network, so if one entity controls a majority of all miners, they can validate their own fraudulent transactions