Dear Ms Clarke,
It has come to my attention that your local council of Dublin, Ohio is about to engage in very reckless behaviour involving cryptocurrencies which could have consequences for your citizens and the reputation of your council.
It is my understanding that a Mr Joshua Green of "Bitcoin Verde" has won a contract to provide the following services for the residents of Dublin:-
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digital identity
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electronic polling system
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token of value
This is designed as a Simple Ledger Protocol token ran on top of the Bitcoin CASH (BCH) blockchain, which is very different to the more commonly known Bitcoin (BTC) blockchain, with a much smaller user base and a much smaller level of security and accountability.
Technical Considerations
If you are not aware there are currently three competing Bitcoin systems, where at any moments notice the potential exists for the "mining power" allocated to one system, to be able to destroy and make unusable any of the other systems providing it has more than 51% of hash power.
At current time of writing we see the following allocation of all "Bitcoin" miners mining on each chain:-
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Bitcoin (BTC) - 97.0%
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Bitcoin Cash (BCH) - 1.7%
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Bitcoin SV (BSV) - 1.3%
Suffice to say if just 0.9% of miners decided to act dishonestly and move from BTC to attack the BCH chain, they would be the 51% majority and be able to freeze the chain and deny all transactions, and there would be the potential for lost transactions. With your proposed system running on top of the BCH chain of course it would feel all ramifications of such an event, and there would be nothing that anybody including Mr Green would be able to do to restore service.
Coupled with this the relevantly recent start-up Bitcoin SV is declaring "all out war" on both the BCH and BTC Bitcoins, and its creator who has been recognised by your kin, The City Council of Bogota, Colombia as "Satoshi Nakamoto - The Inventor of Bitcoin" has promised to destroy them before fall 2020 and has sufficient financial resources and backing to make good on this threat.
Moral Considerations
Roger Ver is the CEO of Bitcoin.com and is the largest proponent of Bitcoin Cash adoption. If it were not for Roger Ver Bitcoin Cash would not exist.
Roger Ver describes himself as "anti-government" and regularly posts on his Twitter regarding aboloshing of paying taxes, and played an early part in support the illegal drugs marketplace "The Silk Road". This is who the esteemed Councillors of Dublin are associating themselves with.
Roger Ver is also a convicted felon having spent time in Federal Prison. Hobbyists involved with the Bitcoin Cash chain are generally anarchists and anti-government, and it is there aim to make an eventual anonymous system to facilitate the purchasing of hard drugs, weapons, child pornography etc... without any fear of recourse.
Transparency
Being a cryptocurrency investor, technologist and hobbyist (and a strong proponent of Bitcoin SV which is the pro-government transparent Bitcoin) I understand the need for governments to use blockchain and that there is no better place to start than the local council level, however as an IT Analyst with over 20 years experience I would not recommend any council use any of the Bitcoin blockchains right now including Bitcoin SV, until this impending "cryptocurrency war" has been fought and only one chain remains.
What people decide to risk their own personal assets on is their choice, however as council representing people and their rewards, voting rights, digital identities and assets your obvious lack of understanding of the cryptocurrency space could leave them with losses, tangible or otherwise and of course would lead to losses of taxpayer funded government funds having wasted them on a unsustainable and unworkable project.
Conclusion
I feel the council has not done due dilegence, and this is a very reckless and potential costly move which could result in the loss of these facilities to citizens.
I have published this letter publicly to ensure that should action not be taken citizens will have a legal option for redress due to your council having been informed of the potential disasters that can happen here, with adequate forewarning.
Feel free to reach out to me on reddit ( /u/jim-btc ) and I will also provide you with a private email when I contact you directly so you can email me any questions or concerns. I'd be happy to partake in a voice call with yourself or anybody from your council.
Regards
A concerned, honest world citizen
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