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Actually in the case of the bank, no. Conventional money is numbers just like crypto. I think the difference is in the case of conventional money, someone is em
by analog31 5y ago
Actually in the case of the bank, no. Conventional money is numbers just like crypto. I think the difference is in the case of conventional money, someone is empowered to manually override the transaction and make you whole.
As I've said in the past, money is a technology, and this kind of override mechanism is built into the design of conventional money, but not into the design of crypto.