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The blockchain does prevent fraud as it is transparent, it just requires the end user to in essence wipe their own ass.
by blockabot 3y ago
The blockchain does prevent fraud as it is transparent, it just requires the end user to in essence wipe their own ass.
- cuteboy19 3y agoPseudonymity is not transparency. Transparency in theory is not transparency in practice.
- jqpabc123 3y agoBlockchain is just an accounting tool. It doesn't make judgments about those using it. It works just as well for fraudsters and cyber criminals as anyone else. There are reasons ransomware extortionists always request payment in some sort of blockchain based crypto --- usually bitcoin. In other words, blockchain *facilitates* fraud and crime as easily as it *prevents* it.