Chapter
Incorporating in the US may be a vulnerability in the future
1:46:52 - 1:52:41 (05:49)
The act of incorporating in the US may be seen as a major vulnerability in the future, causing a potential shift from the Satoshi algorithm to a heaviest trusted proof of work chain, with the implementation of hashes to prove non-China miners.
Clips
The Bitcoin network is facing a potential threat of a firewall attack.
1:46:52 - 1:48:31 (01:39)
Summary
The Bitcoin network is facing a potential threat of a firewall attack. If such an attack were to happen, it would be essential to have trusted proof of work from non-Chinese miners to prevent a 51% attack, and temporarily move away from the Satoshi algorithm of heaviest proof of work chain.
ChapterIncorporating in the US may be a vulnerability in the future
Episode#506: Balaji Srinivasan on The Future of Bitcoin and Ethereum, How to Become Noncancelable, the Path to Personal Freedom and Wealth in a New World, the Changing Landscape of Warfare, and More
PodcastThe Tim Ferriss Show
Messy, unpredictable and similar to file sharing, cryptocurrency forks could split stock into hundreds of different instances.
1:48:31 - 1:49:38 (01:06)
Summary
Messy, unpredictable and similar to file sharing, cryptocurrency forks could split stock into hundreds of different instances. However, it probably won't defeat the concept of cryptocurrency as a whole.
ChapterIncorporating in the US may be a vulnerability in the future
Episode#506: Balaji Srinivasan on The Future of Bitcoin and Ethereum, How to Become Noncancelable, the Path to Personal Freedom and Wealth in a New World, the Changing Landscape of Warfare, and More
PodcastThe Tim Ferriss Show
The incorporation of a crypto company in the U.S. may become a weakness in the future, leading many to consider redomiciling as a solution.
1:49:38 - 1:52:41 (03:02)
Summary
The incorporation of a crypto company in the U.S. may become a weakness in the future, leading many to consider redomiciling as a solution. Possibility of extended partitions and federal regulation attacks may lead to companies such as Coinbase redomiciling to protect themselves.