Former US Advisor: Blockchain Systems Could Threaten Privacy
A long-time White House advisor and government official believes blockchain technology is likely to be used by the world's central banks to create a "universal cashless system". Dr Harald Malmgren served in the administrations of Presidents John F Kennedy, Lyndon B Johnson, Richard Nixon and Gerald Ford, working as a trade negotiator and policy researcher, and for decades played a part in shaping US foreign policy in the post-World War II era. Malmgren today acts as a consultant for companies and governments on international trade issues. In a recent interview published on Zero Hedge,....
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The Lightning Network may well be Bitcoin’s primary solution to the issue of scalability, but many skeptics believe there are unresolved issues with this layer-2 system for the blockchain. The possibility of too much centralization via so-called “supernodes” is one of the common criticisms of the Lightning Network, and attached to that is the fear of these new, mostly -centralized payment hubs having the capacity to censor transactions. Bitcoin Magazine recently reached out to BitGo Engineer and Statoshi.info creator Jameson Lopp to get his thoughts on the possible privacy issues....
The Lightning Network may well be Bitcoin’s primary solution to the issue of scalability, but many skeptics believe there are unresolved issues with this layer-2 system for the blockchain. The possibility of too much centralization via so-called “supernodes” is one of the common criticisms of the Lightning Network, and attached to that is the fear of these new, mostly -centralized payment hubs having the capacity to censor transactions. Bitcoin Magazine recently reached out to BitGo Engineer and Statoshi.info creator Jameson Lopp to get his thoughts on the possible privacy issues....