Quote:
Originally Posted by MyBitcoin
Why are file-sharing applications peer to peer? So they can't be shut down. It also makes the network more robust.
You can't just take down one or two websites and take Bitcoin offline. Bitcoin is a software application that runs on hundreds of thousands of PCs (like yours) - all at once.
You'd have to fly all over the world and knock out all of them to stop Bitcoin from running. That, of course, is impossible.  |
Yes it's SUPER SECURE!
But taking down 3 independant nodes is almost as hard as taking down 100,000
If some agency were to specifically target BITCOIN nodes they could just take down the BITCOIN to cash processors instead.
So you solved 1/3 of the security problem, and still have no way to add funds!