[kobalsky]

well, then you are the target demographic of that headline, keep rolling on the confirmation bias.

the only reason this is public is because the blockchain ledger is public and unmodifiable.

if this mistake had been made on banking system, you wouldn't have heard about it

[ekjhgkejhgk]

This is really funny.

You first wrote

> if this mistake had been made on banking system, you wouldn't have heard about it, because it gets fixed and its gone without a trace.

And then you edited it to

> if this mistake had been made on banking system, you wouldn't have heard about it

I was going to reply that if gets fixed and doesn't cause anyone problems, you're making a case for it. I guess you must have understood that too and backtracked :-) I actually loled at the dishonesty.

[kobalsky]

I didn't want to discuss whether the banking system provides or not a trustable audit trail when someone screws up, because I don't know about it and I don't want to speculate whether stuff gets sweeped under rug or not.

with the blockchain you can't hide the mistakes, that was my point.

[lisbbb]

Vanguard won't allow clients to even buy anything crypto related in their accounts. That should tell you something right there. If it's so great, why isn't one of the leading wealth management brokers on board?

I once worked with a guy who was an Ethereum "millionaire" which I knew because he couldn't stop telling people. He was a nice guy, just really, super annoying. Anyways, he was so well off he sold his house and bought an RV and was going around the country, family in tow, doing whatever. I don't really know what to believe there. Wealthy people don't usually sell everything they own and go live in an RV. Who knows?

[kobalsky]

you are mixing up concepts.

crypto assets like BTC and ETH are insanely volatile, I agree with this, don't put your retirement money there.

crypto coins issued by an entity, like in the article, you can trust them as much as you trust the entity, the difference with electronic or paper money is that it cannot be created in private, the ledger is public and it cannot be modified.

[r_lee]

that's because of AML. Crypto is associated with money laundering so it's easier to just ban it as not that many are into it yet