Sentences with phrase «lack of a central authority»

The grand mufti elaborated on his position by stating many of the typical concerns surrounding cryptocurrencies including their cryptographically controlled issuance, lack of central authority and regulation by financial institutions, and their ability to mask users» identities.

Bitcoin's intentional lack of central authority or governing body means that any serious discussion on the fundamental nature of «what Bitcoin is» must be based in rational arguments and data, rather than «because we say so» rhetoric.

While both sides have incentives to reach a consensus, bitcoin's lack of central authority has made reaching agreement difficult.

Government opinion on Bitcoin plays a vital role in the crypto community as Bitcoin and cryptocurrencies claim to be the first decentralized peer - to - peer payment network powered by its users with no central authority or middlemen, this lack of central authority or control makes governments very scared of Bitcoin.

However, Bronsens argued that some of the inherent features of Bitcoin which have been previewed as its strength such as lack of central authority can actually distance it from the general crowd and propel it towards a much more mainstream audience.

We consider the lack of a central authority to be an essential virtue, which means that we can't be protected by one either.

Not exact matches

Central services Consideration also needs to be taken in regard to the lack of central services at local authority level as well as the major, radical changes currently being undertaken across the health sCentral services Consideration also needs to be taken in regard to the lack of central services at local authority level as well as the major, radical changes currently being undertaken across the health scentral services at local authority level as well as the major, radical changes currently being undertaken across the health service.

Hayek argues it's impossible to create and maintain well functioning, domineering central authorities because they will always lack the capacity to collect, analyze, and act on the infinite and ever - changing body of relevant information.

Still, council members and principals expressed frustrations that were common to all: that the councils lacked any kind of defined authority and that the central office rarely supported their activities and ideas.

In an attempt to know more, ECO contacted the central bank, which didn't address Santander Totta's blockade, but instead just restated that bitcoin has no central authority controlling it, and that, given the lack of regulations, no cryptocurrency - related business has to register with the financial institution.

Although the report states that Bitcoin can be used, the lack of legal authority behind it makes it a no go in the eyes of the central bank.

Six months later, a lack of consensus among multiple Korean authorities, including the central bank and multiple governmental ministries, over a unified regulatory approach left the plan in limbo.