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It wouldn’t even need crypto, you just need a company with a ledger that has some big partners in news and entertainment. Apple could do it with their existing
by towaway15463 4y ago
It wouldn’t even need crypto, you just need a company with a ledger that has some big partners in news and entertainment. Apple could do it with their existing Apple Pay system. It makes me think the real difficulty might be regulatory.
- joshspankit 4y agoThis suggesting is frightening. The whole point of decentralization is to stop centralized power from abusing their ledgers. Yes crypto is a record of transactions (a ledger) and yes any single company can provide the same service by “simply” recording transactions in a digital ledger, but then you end up with exactly the situation we’re in: companies devaluing balances or making them expire (air miles), companies freezing accounts to save themselves (paypal), and all sorts of other feckery. At their best, regulations stop the outright theft that companies are capable of (let’s not talk about the worst of regulations). The point is that any central authority can and will use their position to further their own profit margins at the cost of their “customers”.