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bendtheblock | 3 years ago
Why does having a huge public web of transactions on the slowest ledger ever created help? What happens to your "sovereignty" when everyone can see your purchases patterns? What happens when grandma loses her wallet key?
re: Greece, worth hearing Yanis Varoufakis on crypto: https://www.youtube.com/watch?v=bS0W-Whl0T0
TrapLord_Rhodo|3 years ago
top comment: "How fantastic to let this man expose how incredibly dangerous governments are, without him even realizing [he's] doing it."
Also, the entire time he seems to conflate crypto with CBDC which are nothing alike.
>what's the problem? On the few times I've lost money to online fraud, the bank returned it to me.
How is that not a problem?! I really don't understand this sentiment. There is hundreds of millions of fraud occuring on these systems that employ thousands of people for flagging, eliminating, and reimbursing people due to it being a fundamentlly flawed system. Pull vs. Push here is an important distinction. Having a public private key, even within the current financial system (Not talking crypto here) would be an order of magnitude improvement and would eliminate all of this.
bendtheblock|3 years ago