Comment on Please Stop
Knock_Knock_Lemmy_In@lemmy.world 6 months agothats not what cryptography means,
You didn’t even know what “those big words” meant a second ago.
downside especially for banking which is centrally controlled
Banking doesn’t need to be centrally controlled. It only has been for the past few hundred years.
- It’s called triggers, user roles etc,
Why pay and trust a 3rd party control those?
what if regulations change…
You update the smart contracts
The only thing bitcoin revolutionized was the speed with which scammers can dupe people out of their money.
Almost true. Scams are not the only thing revolutionized.
kameecoding@lemmy.world 6 months ago
Dude, my name literally contains “coding” you made the assumption I didn’t understand it…
Yeah banking needs to be controlled because what if something goes wrong, you can’t be this dense, stolen credit cards, stolen identity wring transaction, what if the validators disagree what is the truth ala bitcoin split?
Blockchain is woefully inadequate to manage finances…
Knock_Knock_Lemmy_In@lemmy.world 6 months ago
No. You admitted those words mean nothing to you.
You plan for each eventually and ensure all responsibilities are understood.
Multisignature, limit controlled wallets
Wait for a few blocks before assuming your transaction is confirmed. Don’t be dishonest during a fork event.
The general public is woefully uneducated and unsupported for blockchain managed finances, but the technology is fine.
kameecoding@lemmy.world 6 months ago
I have literally explained to you what I meant, there is nothing to admit, lmao.
This is the issue with cryptobros you just think you are so much smarter than everyone else, and everyone else must be stupid and just not understand how crypto works.
Meanwhile you cant even see the huge flaws with the technology, you think " just wait" while there is a disagreement and unrecoverable split in the network is a viable solution…
Knock_Knock_Lemmy_In@lemmy.world 6 months ago
When was last time a fork caused an unforseen problem in a popular blockchain?
There are plenty of things about blockchain technology you could have mentioned that are not yet perfect (privacy, scalability, accessibility, governance, regulation, interoperability etc.) but the best attack you have is that cryptography is meaningless.