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I suggest the concept that the risk is fundamental to all systems of trade, fiat/government included. All suffer from theft by insiders as well as theft by out
by raintrees 5y ago
I suggest the concept that the risk is fundamental to all systems of trade, fiat/government included. All suffer from theft by insiders as well as theft by outside attackers/exploiters.
- jstx1 5y agoMaybe that's vaguely true in the abstract but let's talk specifics. If I have a balance on a DeFi platform, it's vulnerable to attacks like the one in the original article. If I have a balance in a bank, this isn't the case. The risks aren't the same at all. Not the same type of risk, not the same magnitude of risk.
- raintrees 5y agoTheft by insiders includes inflation, for me. The US alone is creating how many trillion how quickly? This will likely not end well. :(