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Consider the following conversation about Bitcoin (BTC). GYLES: I sold my home and invested in Bitcoin. No cap. AYLMER: Isn't Bitcoin unsafe? What if someone
Consider the following conversation about Bitcoin (BTC). GYLES: "I sold my home and invested in Bitcoin. No cap." AYLMER: "Isn't Bitcoin unsafe? What if someone hacks the ledger and steals your crypto?" Why is Aylmer's concern most likely misplaced? (A) Hacking into BTC requires sophisticated computer hacking skills and a GPU processor, which is unlikely. (B) The ledger is distributed, so that any changes to it must be approved by a majority of nodes. (C) The price of BTC is tied to the ledger, and since the former is volatile and changes by the second, a hack would require lightning speed and algorithms. (D) Only Satoshi Nakomoto can hack into the BTC ledger, since he created it
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