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Banks have federally backed deposit insurance. If crypto was cash, it would be the worst form of it - at least if I bury dollar bills in a drum in a nearby fore
by analognoise 4y ago
Banks have federally backed deposit insurance. If crypto was cash, it would be the worst form of it - at least if I bury dollar bills in a drum in a nearby forest, people have to do legwork to guess the location of the drum - they can't just guess numbers on a computer and when they guess right, everyone throws their hands up and goes "too bad".
If crypto was cash, it would be the worst form of cash imaginable.
I posit that crypto isn't cash, or if it is, it's the worst form of it.
- angelbar 4y agoIn this analogy (There in no such thing as a perfect analogy), the multiple hole digging is the password guess.. so like crypto
- janalsncm 4y agoCrypto puts every cyber criminal in the world at zero distance from your money. They can spend all the time they need trying to crack into your vault, arousing zero suspicion. The fact that cryptographic protocols are unbreakable (today) is only relevant if we knew there were no other the weaker links.