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The reason you need to avoid trusted entities is when you want to operate outside the legal system. Which is why the use case for crypto is, and always will be,
by CPLX 4y ago
The reason you need to avoid trusted entities is when you want to operate outside the legal system. Which is why the use case for crypto is, and always will be, contraband and gambling.
Which is a fine use case. Those are very large and enduring sectors of the economy. But let’s not get confused about why things are as they are.
- mistrial9 4y agoI have a detailed book on my shelf, published recently, where sworn US officials, took money and forged documents, then lied in court, multiple times, and it took years, many years, to get the evidence. Some attorneys involved were so mad about being lied to, with an unsupportive Federal Judge doing nothing, that parts of the case went to the US Supreme Court to challenge the authority itself. Read that book and get back to me.. 2010s era edit the point here is - getting a "trusted party" is in fact, not easy, and certainly not "a bank" as a universal answer.. find your own copy of this book, it is repeated a hundred times, every decade.
- polygamous_bat 4y ago1. How are we supposed to read the book if you never gave a name except "book on your shelf"? 2. How is deregulated monopoly money gonna solve what you just described? Seems like a easier path to do something unsavory.