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A distributed ledger.. Like bitcoin? It's already solved! Sorry, Im struggling to understand your point. If you want people not to get fleeced, education is the
by fartcannon 4y ago
A distributed ledger.. Like bitcoin? It's already solved! Sorry, Im struggling to understand your point. If you want people not to get fleeced, education is the key. Explain the value of bitcoin to them. Explain why it was created.
And the financial system is obscure already and actively fleeces people all the time. Bitcoin was a direct response to the 2008 financial crisis (read: fleecing). Theyd destroyed lives and got bailed out.
- headsoup 4y agoThis is a redundant argument as it applies just as well to the current financial markets: education is key. But it's not reality, and Bitcoin opened up to fleecing at massive scale as its growth increased and middlemen services popped up to manage the 'complexity.' Not that I'm saying the current financial system is good or not corrupted, it certainly is. Bitcoin is not the answer people think it is though.
- fartcannon 4y agoYou havent made that case, yet, to me at least. If anything I'm more interested than ever. I mean, you want to talk massive scale fleecing? Let's talk about destroying the global markets with bogus real estate. Global markets! And then double dipping by having the very people you fleeced bail you out against their will. That's triple A fleecing. It's such a flagrant demonstration of a corrupt system that it makes me totally understand why bitcoin was conceived in the first place.