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Core flaw - What is the meaning of core flaw? - Reading Comperhensive

shaharshahar Posts: 1
edited June 21, 2022 8:24AM in U.S. Coin Forum

Snowden described Bitcoin’s public nature as a “core flaw” and said the main reason it could fail is that it is not truly private.

From:
https://www.analyticsinsight.net/edward-snowden-shares-thoughts-about-bitcoin-btc-and-crypto-being-used-as-a-payment-system-gnox-token-gnox-offers-massive-passive-income-opportunities/

What is the meaning of core flaw?

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  • BStrauss3BStrauss3 Posts: 3,414 ✭✭✭✭✭

    A flaw in the essential core of something, i.e. the logic or protocol itself. Typically can't be remediated. Say you cut into a potato to make a recipe and find it's black in the center, i.e. rotten. There's no way you can salvage the potato for dinner.

    Bitcoin was always assumed to be private as to who owned what, even though the ledger itself is public. That turns out not to be true.

    This is not an easy, nor pleasant read, but it describes the kinds of analytics that can be done:

    https://www.wired.com/story/tracers-in-the-dark-welcome-to-video-crypto-anonymity-myth/

    -----Burton
    ANA 50 year/Life Member (now "Emeritus")
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