04-05-2021, 07:47 AM
(04-03-2021, 06:38 AM)debjit Wrote: Ok, so I am concern about this cryptocurrency monopoly. let's imagine your gov creates a crypto farm and block certain companies transaction or make it invalid. Because gov does not mine for profitability it has an unlimited amount of money and resources to deploy. There will be no decentralised currency then. I am not an expert but saw it in an interview.
That is why Bitcoin remains the top 1 cryptocurrency, even though there are so many other interesting alternative cryptocurrencies such as DOGE, LTC etc out there.
Because Bitcoin has a super high mining difficulty than any others else. So, it is very hard for any single government trying to take down Bitcoin or control its transactions.
