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> I didn't want to discuss whether the banking system provides or not a trustable audit trail You did want to discuss it because you said > you wouldn't have
by ekjhgkejhgk 1y ago
> I didn't want to discuss whether the banking system provides or not a trustable audit trail
You did want to discuss it because you said
> you wouldn't have heard about it
What you wanted to avoid is the fact that because the system works well, it doesn't cause anyone problems.
- kobalsky 1y agoBanks wouldn't have made an error like this public. Maybe if there was an investigation an audit trail exists that could bring that to the public. With crypto this isn't an option, you screw up in public by default, there's no possibility to hide it. > What you wanted to avoid is the fact that because the system works well, it doesn't cause anyone problems. I don't know what you mean by the system. But banks, and their ability to create money on the spot, have been the epicenter of uncountable economic crises.
- ekjhgkejhgk 1y ago> you screw up in public by default, there's no possibility to hide it. It doesn't matter, because as you admitted yourself, it gets fixed so fast it doesn't cause anyone problems. Better than the alternative, which is if you screw up it's a problem for all eternity.