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fraud and reconciliation are fundamental in our finance systems. To claim this as anything other than a failing of bitcoin as a whole is "inexcusable".
by horsawlarway 4y ago
fraud and reconciliation are fundamental in our finance systems. To claim this as anything other than a failing of bitcoin as a whole is "inexcusable".
- meltyness 4y agoI still get butterflies thinking about the clever beauty of the great network, computer, software, cryptographic security piñata in the sky. It means that rather than being a story about public affairs, snake oils, and conspiracies -- security is now a legitimate business concern. I won't pretend to have an endgame, but I really don't see too much to loathe. Even the most vehement concerns are easily reframed as opportunity. - Unsuspecting public? To contrast crypto with the system not many people's personal financial planning involves bounding correlations between News Sentiment -> VVIX -> VIX -> Derivatives market -> Volatile inflation across all sectors. - Security concerns? Again, this slaps a price tag, and hence quantifiable risk-level on every computer system security level -- airgapped? networked? It's practically its own insurance, on software that is still centuries away from being closed-form auditable. - Proof of work? Global governments cooperate to limit, minimize, control power usage. Not such a bad thing in that light, the power system could use more care and engineering as it is.
- deleted 4y ago[deleted]