3 ms·

Youre completely correct...how do you deal with this? (I think they are called laws, which are a bit like regulations)

• rglover 4y ago
  Assuming you're speaking of corruption, there is no system of custody that inherently prevents fraud unless it's self-custody. Any middleman, anywhere, as a matter of principle cannot be 100% trusted, ever. We use laws and regulations to give us the veneer of trust, but in reality, those laws and regulations are only ever one morally corrupt individual away from being circumvented. Hence why Bitcoin and self-custody are such important ideas and how this problem ultimately gets solved. The solution being: to financially disincentivize corruption to such an extent that your only option is violence which necessitates financial corruption to exist on a meaningful scale. There's resistance to that idea because people hate to take responsibility for their actions and would rather defer/delegate it to someone else. It's the same exact problem as obesity, credit card debit, etc. "Well it couldn't possibly be my fault that I'm fat and poor, it's the evil greedy corporations!" Ironically, and at best, it's often the oroborous of government enabling the potential for malfeasance that's coming back to bite people (see: French regulation around nuclear reactor temperatures near wildlife forcing an energy crisis [1]). If the system (whatever it is) enables people to be lazy or careless, they will be. And of course, they have to deal with the consequences of that behavior, whether they are willing to mentally/emotionally accept it or not. [1] https://www.reuters.com/world/europe/frances-asn-nuclear-regulator-adapts-hot-water-discharge-rules-light-heatwave-2022-08-08/ https://www.reuters.com/world/europe/frances-asn-nuclear-reg...