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It's also massively hard to get right. Preventing or punishing bad actors is way easier in centralized systems
by xani_ 4y ago
It's also massively hard to get right. Preventing or punishing bad actors is way easier in centralized systems
- some_random 4y agoNot to mention that in centralized systems there's an ultimate authority who's willing to sacrifice a little of their profit as a cost of doing business in order to make sure that real customers that were scammed or had an issue of some kind have a good experience.
- itintheory 4y agoAnd yet even with an essentially centralized service like Zelle, the system is rife with abuse: https://krebsonsecurity.com/2022/10/report-big-u-s-banks-are-stiffing-account-takeover-victims/ https://krebsonsecurity.com/2022/10/report-big-u-s-banks-are...
- AnimalMuppet 4y ago... except when the bad actors are the central authority.
- synu 4y agoCentralised systems seem to trend towards something like a protection racket.