News for hackers. Stuff that matters.

A comment on Telegram quietly snuck its blockchain past regulators. Parent comment

Re:Telegram quietly snuck its blockchain past regulators by contravariant on Friday September 27, 2019 @12:34PM (#21093733)
Sure it's not a new problem, but it's one of the things people claim will be solved by crypto currency. If crypto currency is just regular currency except controlled by a non-democratic entity then it's a step back, not a step forward.
[ Parent | on HN ]
Re:Telegram quietly snuck its blockchain past regulators by blevo on Tuesday October 01, 2019 @04:20PM (#21130132)
concerning 'controlled by a non-democratic entity'

I'd say it's a step sideways.

The USD or any fiat currency is not controlled democratically or by a democratic entity either. When was the last time we heard of a vote before increasing the money supply of a nation's currency? If there is a vote, it is done by people who have not been democratically elected.

[ Parent | on HN ]