4 ms·
Exactly. We've traded confidence in centralized, old world financial institutions, for decentralized, techno-utopian...financial institutions. Same s**, diffe
by thedudeabides5 6y ago
Exactly.
We've traded confidence in centralized, old world financial institutions, for decentralized, techno-utopian...financial institutions.
Same s**, different marketing.
- PragmaticPulp 6y agoAt least banks have to operate within the realities of regulations and legal recourse. It’s not perfect, but it does provide a forcing function to make them think long and hard before doing anything that might be fraudulent. Cryptocurrency proponents like to tout crypto’s ability to escape regulation as a good thing, while ignoring that the same property makes it a dream come true for financial fraud schemes.
- deleted 6y ago[deleted]
- aqme28 6y agoNothing about Tether or Bitfinex is decentralized.