Transaction speed and zero censorship due to
the absence of central authority.
As with many similar bank warnings, the organisation is concerned about
the absence of a central authority overseeing the bitcoin industry, with «market players in virtual currency systems [providing] only weak security guarantees».
Bitcoin was designed to be public and allow anyone to join, and its blockchain was born out of the need to keep people honest in
the absence of a central authority.
Not exact matches
In the
absence of any recognised
central authority the leaders
of the local churches were faced with greater responsibilities.