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You don't need to. Most of us will never understand the complexity of banking either

• zeagle 2y ago
  You mean the one where someone else pays a higher ATM fee and scoops my cheque deposit? We can talk about reduced bits in the puzzle vs a regular transaction but when you need to consider how you are going to safely claim your money as if you are laundering you have to admit this is a little nuts.
  • pushedx 2y ago
    The only reason that this opportunity exists to swoop in and forge a transaction is that the reward in question is a reward for fundamentally breaking a weak version of the cryptography underlying the BTC blockchain, the technqiue for which happens to have a second mathematical weakness. No other transactions are subject to this weakness, and it's this puzzle which proves that.
  • chr15m 2y ago
    idk $34 billion in annual global card fraud is also a little nuts.
  • stavros 2y ago
    You're discounting how nuts it is that a third party has veto over whether you can spend your money and how.
    • zeagle 2y ago
      I think it's part of living in a society with rules and law. It also protects me from rampant fraud and theft and also helps ensure taxes are paid for the benefits I use like roads, hospitals, and education.