Tuesday, November 21, 2017

What is the point of blockchain?

Cash and Grab

As news.Bitcoin.com revealed yesterday, hundreds of bitcoin cash are stuck in segwit addresses after individuals mistakenly sent them there. Well, as of today that cash is no longer stuck. Someone has siphoned the lot and those coins now reside in a single address whose contents are worth over $600k. Explaining how they achieved this is complicated; explaining why is much simpler.
Evidently, if you wallet is on line then blockchain is useless. 

No comments: