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thrown_22 | 3 years ago

We could call that problem something fancy like the Byzantine General Problem and try and figure out ways to solve it mathematically.

discuss

order

arcticbull|3 years ago

It's the $5 wrench problem and unless you find a way to land adamantium bones, I suspect math won't help.

thrown_22|3 years ago

>Hur hur, street smarts better than smart smarts.

It's a solved problem, and has been since the first bitcoin paper. That no one read that and just heard "magic internet gold I can get rich from" is their problem and not mine.

You don't get rich quick off the bitcoin protocol however so we have people run places like FTX: centralize and get the big bucks because they provide convenience. Then act surprised when it goes tits up like every other centralized system.

Same thing with people not encrypting their emails or not using tor as a bridge to the internet. In short: if you're the type of person who doesn't have their own key, yeah, prepare to get wrenched. The rest of us can manage our exposure quite easily.