Part 9/13:
He further asserts that Bitcoin's transparency and open ledger actually enhance accountability, making it harder for bad actors to hide the origin or destination of funds. Moreover, the potential for data breaches in traditional centralized systems far exceeds the risks posed by decentralized blockchain networks.
The Threats and Challenges Ahead
There was acknowledgment of potential risks, such as the possibility of large mining pools exerting undue influence. However, Antonopoulos explained that while some mining pools have approached 50% of network hash power, market mechanisms and the foundational design of Bitcoin prevent centralized control from compromising transactions or user funds.