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That's neat, but the bitcoin whitepaper opens with: > Abstract. A purely peer-to-peer version of electronic cash would allow online payments to be sent directl
by Xelynega 1y ago
That's neat, but the bitcoin whitepaper opens with:
> Abstract. A purely peer-to-peer version of electronic cash would allow online
payments to be sent directly from one party to another without going through a
financial institution. Digital signatures provide part of the solution, but the main benefits are lost if a trusted third party is still required to prevent double-spending.
Why do you think you can dismiss the obvious claim that cryptocurrencies are a form of decentralized finance with a "no, it isn't"?
- IanCal 1y ago> Why do you think you can dismiss the obvious claim that cryptocurrencies are a form of decentralized finance with a "no, it isn't"? They are or can be a form of decentralised finance. That doesn't mean a system that is totally parallel to the legal system. And, again, different people intend different things with it. It's definitely not all "code is law" people.
- Xelynega 1y agoWhat "intended uses" are there for it other than being an unregulated options market with constant scams and a "code is law" tool? I would imagine any other legitimate use would be served better by traditional database/finance systems.