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Why Porn on the Blockchain Won't Doom Bitcoin

Business, Spoken

English - March 30, 2018 07:10 - 13 minutes - ★★★★ - 16 ratings
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Last week the internet jumped on a new research paper proclaiming that the bitcoin blockchain contains child pornography. The authors of that paper conclude that if you’re one of the thousands of people running a full copy of the bitcoin software, or even just a curious researcher downloading the transaction history, you’re breaking the law. Because removing any data from the blockchain destroys the functionality of the system, this legal trouble could spell doom for cryptocurrencies.
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Last week the internet jumped on a new research paper proclaiming that the bitcoin blockchain contains child pornography. The authors of that paper conclude that if you’re one of the thousands of people running a full copy of the bitcoin software, or even just a curious researcher downloading the transaction history, you’re breaking the law. Because removing any data from the blockchain destroys the functionality of the system, this legal trouble could spell doom for cryptocurrencies.

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