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But the thing is that any movement of tokens on the blockchain is public for all to see. It removes a government's ability to do things in secret. With centrali
by cryptica 5y ago
But the thing is that any movement of tokens on the blockchain is public for all to see. It removes a government's ability to do things in secret. With centralized systems, shady stuff is happening all over the place. Systems get hacked all the time, funds are stolen by ex-employees without anybody noticing.
It's naive to not see how corrupted and hacked the majority of modern centralized systems have become... Big companies are constantly paying off hackers to avoid DDoS attacks. All this stuff is happening silently and constantly behind the scenes. Adding a layer of transparency to money transfers can go a long way.
- simonh 5y ago> It removes a government's ability to do things in secret. I don’t get it. How does you using a black chain stop a government doing things in secret? I mean, all they have to do is not use the blockchain. And anyway, isn’t the point of the blockchain supposed to be that it’s anonymous? Confused.