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This is the downside of decentralization that doesn't get enough attention. Digital wallets are just too cumbersome to use on their own for the vast majority of
by thr0wawayf00 5y ago
This is the downside of decentralization that doesn't get enough attention. Digital wallets are just too cumbersome to use on their own for the vast majority of people and carry a lot of risks.
I like how when my credit card gets a fraudulent transaction, all I have to do is push a button on my phone and it magically goes away. This is a major, major benefit of having a central authority.
- vmception 5y agoDecentralized crypto currency is a benefit for everyone willing to take a shot at how much they can collect before they themselves get hacked. Its a human coordination mechanism that forces other humans to make it increasingly more resilient when under pressure. It is Machiavellian with no evolutionary dead ends, just mutating and hardening due to the needs of all of its ever growing participants. Rapid market based iteration on steroids.