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One disadvantage of decentralized money, criminals gain more power. Many such cases
by TZubiri 1mo ago
One disadvantage of decentralized money, criminals gain more power. Many such cases
- lmz 1mo agoThere are always complaints on here about how Google is only paying $X for vulns. One advantage of decentralized digital money is that its bug bounties are self funding and the payout amount researcher-controlled.
- dotancohen 1mo agoThat is a natural consequence of banks and governments losing power. That power balance shifts towards the citizens... some of whom are criminals. The coin fanboys will argue that the bankers and government were criminals as well.
- thephyber 1mo agoThis is worded in a way that pretends like the banks and governments themselves aren't considered criminals by the masses.
- dotancohen 1mo agoI did mention that the coin fanboys think so. Do you invest in any coins?
- peab 1mo agoI'm not sure if there is actually any evidence of this? Criminals do very well without crypto. If you look at percent of the economy that is fraudulent, it is quite large. If you look at percentage of crypto economy that is fraudulent, it is surprisingly similar
- TZubiri 1mo agoPlenty, search for cases of ransomware for example, you will find hundreds of instances where they demand payment by cryptocurrency, at least 1B per year.
- groundzeros2015 1mo agoThis is a centralization failure. Please learn more before commenting.
- knorker 1mo agoNot really "one disadvantage" as much as "the main use case".