Barath Raghavan and Bruce Schneier
Bitcoin’s Greatest Feature Is Also Its Existential Threat
Bitcoin could be at risk of government or corporate manipulation.
No one controls bitcoin; trust in the cryptocurrency comes from its decentralized architecture, universal access and unalterable documentation. But these pluses also let users deposit text and images in the bitcoin blockchain, including illegal or objectionable material. In this eye-opening analysis, tech experts Barath Raghavan and Bruce Schneier describe how corporate or government entities could degrade the blockchain – and thus bitcoin’s security and value – by contesting such content. Technologists and bitcoin users will find this report worth its weight in crypto.
About the Authors
Barath Raghavan teaches computer science at the University of Southern California. Bruce Schneier is a security technologist who lectures at the Harvard Kennedy School.
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