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not even banks can give you guarantee of safely holding money with impeccable degree of certainty. Uncertainty cannot be avoided.
by flamedoge 9y ago
not even banks can give you guarantee of safely holding money with impeccable degree of certainty. Uncertainty cannot be avoided.
- finnh 9y agoSlow down! Let's just aim for reducing uncertainty. Let's say we have an uncertainty scale scored 1-100. If 100 is "money in a bank" and 1 is "money that's already been set aflame, but there's a cup of water nearby", I'd put Ethereum in the low single digits =)
- mcbits 9y agoIf we put "cash in a hidden safe" at 1, I'd put "money in a bank" around 10. My checking account was once drained by the state on a clerical error. Or almost - they left me 17 cents. They did have a process to get it back (which, interestingly enough, involved emailing cryptographically signed documents back and forth), but it took a few days, and it was only lucky timing that prevented it from triggering a cascade of problems. These newfangled experiments that I don't fully understand are still well above 10 for me, but they only have to get down to around 11-15 before I'll be interested.