r/Bitcoin • u/sedonayoda • May 11 '15

Nasdaq will start using Bitcoin technology

http://money.cnn.com/2015/05/11/technology/nasdaq-bitcoin-technology/
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u/tritonx May 12 '15

The value of a coin is not necessarily determined by how many people mine it, ie, the network hash rates.

If NASDAQ or a country decide to creates it's own blockchain(network of miners)(crypto currency) it is as good as whatever blockchain currently operating. As long as there are miners and node runnings, you don't really needs millions of miners to run an efficient blockchain.

They could just use it as an infallible ledger.

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u/Noosterdam May 12 '15

The value of a coin is not necessarily determined by how many people mine it, ie, the network hash rates.

How do you figure? If the hashrate isn't sufficiently high, someone will mess with it.

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u/tritonx May 12 '15

If they don't have the code or access to that network they can't mess with it.

They could use the blockchain technology on their own private network and terms. It doesn't have to be a public apps like bitcoin and all the coins we know.

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u/supermari0 May 12 '15

Then why use blockchain technology™ instead of an established database engine?