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"understand how the system works, and know how to secure their own funds." "don’t care about decentralization and flood every discord server asking “wen token”
by jollybean 5y ago
"understand how the system works, and know how to secure their own funds."
"don’t care about decentralization and flood every discord server asking “wen token” and are just around to make free money a"
Please ... both groups are rife with hustlers and pyramid scammers.
Crypto as an asset class is entirely a grift irrespective of the few 'legitimate backers' beliefs or actions.
If it were not for the big pile on of grifters, crypto would not have inflated prices and would therefore be the purview of a small number of hobbyists.
Finally, the notion that people should have an advanced understanding of computing, crypto, security and the various pitfalls, would imply technology is accessible to less than 0.01% of the planet who have both the will and ability to do so, thereby rendering the nill as any material opportunity for true 'decentralization'.
If people had to live in that world, they would be begging for some trusted institution in which they could safely place those funds, which are called 'banks'. Anyone can found one so long as they follow the regs, and those regulations are fully open and transparent. It represents just thee right amount of 'decentralization' necessary to keep a system with very high integrity afloat.
- lottin 5y agoIt's always been like that. Using a blockchain securely requires expertise in computer security and this excludes at least 99.9% of the world population. Everyone else has to use "trusted intermediaries".
- hamilyon2 5y agoWhy is that? What is the risk using standard bitcoin client on any regular OS?
- lottin 5y agoThe user is exposed to huge operational risks, such as losing access to their keys, having their keys stolen, irreversibly transferring the wrong amount of tokens or mistakenly transferring the tokens to the wrong address, with no recourse.