this mean eurpeon union or special austrian goverment will try to legalize the crypto for always that u say in ur last post @alexpfeiffer sir...is the crypto currencies will centrelize after this or not
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No because it is still on the blockchain - however you have always to have in mind that if a majority of miners is in the hand of one country and if they cooperate it is another way of centralized power. Not in the hands of politicians but a handful crypto billionaires. That is why I like proof of work of litecoin (spread over maaaaaannnnyyy miners) and I like all kind of proof of stake approaches. I am even working on an approach myself that will be posted here one day to solve the 51 % issue all and forever.
nice sir now i understand it deeply before now i dont know somethings and i agree with u fully u right sir....thanx alot for tell me more
Yes, governments are building on existing blockchains or else trying to push Start ups to develop applications for governmental purposes. But a lot of it makes sense - e.g. Establishing polls about the public opinion regarding important topics on the blockchain with access via citizenship-card. So they get public opionion before discussion at parliament. Maybe blockchain helps to get the classic governmental descissions more democratic.
This posting is especially for my home country - Austria. However - all over Europe blockchain initiatives start.
my opinion is.. it is good step if all goverments are work on it...thanx alot sir for this latest news