this post was submitted on 29 May 2024
460 points (97.7% liked)
Technology
59534 readers
3195 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Well, if crypto bros are to be believed then this isn't fiat currency. If it's not fiat, then it shouldn't be enforced by state violence, meaning the courts, right? Possession is ownership when there is no remedy, so the concept of theft is meaningless. Any attempt to fix this would violate the supremacy of the blockchain.
I mean they actually noticed this was a problem and reinvented the concept of banks to entrust them with their crypto. You know, the kind of trust that crypto was supposed to make obsolete, but then the crypto bros realised how much it sucks to suck and decided they needed a bit of nannying after all.