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The problem as I see it that it is nothing like opening a bank account... You don’t need to understand the banking system to use a bank account. Meanwhile norma
by porknubbins 6y ago
The problem as I see it that it is nothing like opening a bank account... You don’t need to understand the banking system to use a bank account. Meanwhile normal people without a serious networking/distributed systems background will not really grasp what they are doing when using bitcoin and have to resort to googling steps and following them blindly. The fact that ETH gas prices are going through the roof because of Defi would be a huge leak in the abstraction for something like a bank.
- ric2b 6y ago> You don’t need to understand the banking system to use a bank account. Same for Bitcoin, you install a wallet app and use it. It's actually much easier than opening a bank account. > Meanwhile normal people without a serious networking/distributed systems background will not really grasp what they are doing They won't grasp what they're doing on their bank account without a serious economic/financial/law background either.