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So what happens when a mistake happens on the blockchain? >The fiat money that you hold is being constantly diluted without your knowledge I think most people
by kurtisc 8y ago
So what happens when a mistake happens on the blockchain?
>The fiat money that you hold is being constantly diluted without your knowledge
I think most people here are aware of inflation
- jondubois 8y ago>> So what happens when a mistake happens on the blockchain? Most popular Blockchains haven't had any major issues in years. Some projects have had bugs which lead to the network stopping for a few minutes but no lost funds. >> I think most people here are aware of inflation How much new money did the Fed inject into the US economy in the last decade? According to some sources, at least 9 trillion. https://money.cnn.com/2016/09/08/news/economy/central-banks-printed-nine-trillion/index.html https://money.cnn.com/2016/09/08/news/economy/central-banks-... Based on the constantly growing corporate sector, we know who ended up with most of that money: Big corporations and their shareholders. They got most of that money by locking other people out of opportunities. That is the primary business of corporations today; monopolizing financial channels where the money flows easily and letting hard working individuals fight for the scraps.
- kurtisc 8y agoI don't mean the blockchains, I mean the users. What if someone makes a typo? I'm not a part of the US economy though.