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by fooker 2987 days ago
If only such decentralized systems could exist in vacuum!

The thing about security is that you just need to exploit one weak link in the chain.

1 comments

Isn't that the exciting thing about Bitcoin/blockchain? In the future, it is theoretically possible to live life and to conduct all commerce through cryptocurrencies.

The thing about security is that you just need to exploit one weak link in the chain.

Again, we're talking about decentralized systems as a whole. Individuals can be targetted/phished/scammed in any system. What is the weak systematic link in Bitcoin that can be exploited?