Centralized exchanges are to Bitcoin like Telekoms to the internet
Bitcoin's blockchain is the most secure global finance. But associated centralized exchanges are very insecure.pic.twitter.com/z2buxks80P
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[2] As we need mesh network to secure our Internet, we need decentralized exchanges for Bitcoin
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Do not forget Bitstamp was hacked $20M in the beginning of 2015
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Interesting. Similar point here regarding insurability of blockchains, i.e. BCs OK, Interfaces not OK http://insurancethoughtleadership.com/can-blockchains-be-insured/ …
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thx for sharing this. we have another list of
#bitcoin thefts@satoshilabs#SecurityMatters http://satoshilabs.com/news/bitcoin-thefts/ …Thanks. Twitter will use this to make your timeline better. UndoUndo
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always deserves a repost!
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hence the need for permissioned chains that also contain some form of byzantine fault tolerance to work alongside.
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potentially insecure
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do you think
@LykkeCity can solve the issue?Thanks. Twitter will use this to make your timeline better. UndoUndo
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[1] Like the Telekoms have managed to control the gateway to the internet centr. exchanges are controlling gateways to Bitcoin
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