Thursday, June 29, 2017

Centralized State Digital Tokens ‘Can’t Compete With Bitcoin’: Max Keiser

Centralized State Digital Tokens ‘Can’t Compete With Bitcoin’: Max Keiser

Banks’ centralized digital tokens have come under fresh criticism from cryptocurrency experts and Max Keiser.


In a Twitter exchange yesterday, Keiser praised the perspective of computer scientist and Bitcoin enthusiast Datavetaren, who reiterated the vulnerabilities non-decentralized schemes face.


Datavetaren’s hacking example “demonstrates why centralization (single point of failure) prevents state actors from effectively competing with Bitcoin,” Keiser said.


Central banks in several countries have expressed particular interest in creating controlled digital tokens for a variety of uses.


Full story at http://bit.ly/2tpWfKW


Source: CoinTelegraph


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