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Blockchain Bots-The Great Blockchain Robbery

Discussion in 'Cryptocurrency' started by Graybeard, May 1, 2019.

  1. Graybeard

    Graybeard Well-Known Member affiliate

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    Meet the new bosses -- same as the old bosses ;)

    >>>Blockchains have been hailed as fair and open, constructed so a single user can't falsify or alter records because they're all part of a transparent network.
    The reality is not so simple, according to new Cornell Tech research. ..."The miners have a tremendous amount of power," Daian said.

    "The blockchain doesn't get rid of the middleman. It just turns one middleman into 100 middlemen, who you hope are not all being bribed or working against you for their own reasons. In some systems that could be good, but it doesn't guarantee that your trades are going to be fair."<<<
    https://techxplore.com/news/2019-04-bots-exploiting-blockchains-profit.html
     
    azgold likes this.
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