we all know how banks control value and monopolize money. no such thing as regulation, accountability or anything (even if less than ideal). crypto solves all that by uh, u can buy it!
Crypto solves it by providing an auditable public ledger following mathematical rules agreed upon by all parties utilizing it. It has a predictable and transparent minting process and transactions are uncensored. Transfers are predictable and rapid. You can see exactly what’s happening when you transfer. It doesn’t stamp generated ids on people, instead the people report their identity to the network.
It doesn’t care how people acquire, so yes, people can use fake centralized money to buy real money if there are sellers willing to do that.
There are many more benefits, but the point is, yes, it solves an enormous number of serious problems, many of which you definitely haven’t considered.
I don’t want some central authority orbiting over my finances capable of reversing something because of “error”. The ability to reverse a transaction means complete surveillance, control, and submission to an authority figure. No thanks.
I would rather be in a society that doesn’t make such foolish errors to begin with, and takes responsibility when they make a mistake. Measure twice, cut once.
we all know how banks control value and monopolize money. no such thing as regulation, accountability or anything (even if less than ideal). crypto solves all that by uh, u can buy it!
So your financial advice is to sell both your crypto along with any AI stocks you have since the bubble popping for both is imminent… correct?
!remind me 3 years
i have not implied imminent nor to to sell your stocks
Crypto solves it by providing an auditable public ledger following mathematical rules agreed upon by all parties utilizing it. It has a predictable and transparent minting process and transactions are uncensored. Transfers are predictable and rapid. You can see exactly what’s happening when you transfer. It doesn’t stamp generated ids on people, instead the people report their identity to the network.
It doesn’t care how people acquire, so yes, people can use fake centralized money to buy real money if there are sellers willing to do that.
There are many more benefits, but the point is, yes, it solves an enormous number of serious problems, many of which you definitely haven’t considered.
And don’t forget how easy it is to reverse them in case of error.
I don’t want some central authority orbiting over my finances capable of reversing something because of “error”. The ability to reverse a transaction means complete surveillance, control, and submission to an authority figure. No thanks.
I would rather be in a society that doesn’t make such foolish errors to begin with, and takes responsibility when they make a mistake. Measure twice, cut once.