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Everything is building blocks. For the project I linked it’s fully collateralized - you can’t withdraw money that would make the system unstable. Other projects
by seibelj 5y ago
Everything is building blocks. For the project I linked it’s fully collateralized - you can’t withdraw money that would make the system unstable. Other projects build on other pieces of infrastructure to do all of that automatically.
Again it seems like the person I’m talking to understands very little about this space because your questions are rudimentary to anyone who understands crypto, but you comment as if you are an authority. This is the central problem with HN and crypto conversations.
- DebtDeflation 5y agoActually, the central problem with crypto advocates is that they start from the position of assuming everyone around them is an idiot and then set about building replacements for all sorts of things (banks, currencies, exchanges, legal dispute resolution mechanisms, supply chain management, databases, etc.) that they themselves do not understand and end up with fragile, inferior substitutes that never get any traction for good reason.
- seibelj 5y agoClearly I am indeed speaking with someone who has no idea what they are talking about, which as I previously stated is the default HN crypto commenter.
- aaaaaaaaata 5y ago> assuming everyone around them is an idiot Or just subservient to a corrupted system.