Chapter

Banking Beyond Banks and Money

Part of the series New Economic Windows pp 97-120

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Features or Bugs: The Seven Sins of Current Bitcoin

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Abstract

Bitcoin has a number of features and properties which are sometimes presented as interesting and positive. In fact they are closer to engineering mistakes. Serious problems are programmed in the DNA (the source code) of great majority of crypto currencies. Small details in the source code can make very big difference. In this chapter seven major ‘sins’ of Bitcoin are discussed highlighting risks and suggesting solutions.

Keywords

Bitcoin 51 % attack crypto currency security