All I’m saying that is if someone hacks the banks computer and takes the money you will get it back. Same if someone steals your credit card and makes a bunch of fraudulent transactions or the bank goes out of business. If someone does any of those things with crypto (which happens distressingly often), your money is gone.
Have you heard of a bank? That’s where non criminals tend to keep their money.
This is 2 week deadline #4 or #5 for Russia to end the war now? I’m losing track.
It depends greatly on how it’s stored. Most people just keep it in an exchange, which are robbed fairly often. Which wouldn’t be a problem with real cash as there are laws in place to protect you. With crypto you have no recourse.
It’s accepted almost no where. And the list of issues go on. Crypto is easily stolen, very difficult to secure. Difficult to use for most people. Proof of work crypto is still in the majority and wastes absurd amounts of energy, etc. But the biggest issue is that it doesn’t solve any problems that were not solved long ago unless you are conducting criminal activity (which I do have to acknowledge as it’s one stand out use case).
A banknote is accepted as a means of exchange, ie a currency in a way that bitcoin and other crypto coins are not and cannot ever be due to the fees and delays in the system, not to mention the absurd volatility or lack of liquidity in the smaller coins.
Crypto is stupid for entirely different reasons that I’ve enumerated in other threads in this post. I’m just observing a correlation I’ve noticed here which directly runs counter to another statement.
I don’t know any crypto bros who aren’t also MAGA/libertarian/fascist
I think it’s because, at least in the case of bitcoin, it has no practical real world use other than hoarding like beanie babies, and therefore no real value. As a currency it’s entirely useless.
I have a bit more sympathy for ETH, maybe someday DeFi will produce something truly useful enough to justify the money in crypto, but it hasn’t so far.
Well okay you’re not wrong, there is always some sucker out there.
Well they can identify you are the same person but not your identity… So it’s like a disenbodied fingerprint.
I suppose they could potentially make some database and train an AI on it someday to match to actual identities, but usefulness would be pretty limited at only 95% accuracy. That’s a false reading 1/20 times, so I suspect it would fail bigly to accurately recognize people from large data sets.
They can see you’re a person but not exactly who you are.
Well it could be pretty handy for home automation.
What are you, some sort of jive turkey?
Wait. You mean war isn’t the solution to all the world’s problems?
UK keeps forgetting that it’s just a little country now. It can’t play the big boy games like the EU and US any more.
You should totally leave then
Well you and I are different then, I downvote uninteresting stuff all the time. I also downvote a lot of stuff I already saw or know. This particular item meets both criteria.
This is a dormant tendency in at least half of mankind in any country you look. That’s why it’s so easy to commandeer if someone has the means by which to do so.
In high school in the '90s we were pretty close. It was a handful of places but not that many, basically anywhere we could get away with sitting for hours nursing a coffee or iced tea. If they had pinball, big bonus. Maybe not every day, but certainly many days in the week.