Re:Nvidia announces mining GPUs, cuts the hash rate of RTX-3...
by FridgeSeal on Thursday February 18, 2021 @05:42PM
(#26186825)
Bold of you to assume that the crypto-crowd have seriously taken fraud and and consumer protections into account. Crypto-currencies are a poor technical “solution” to a socio-economic problem, and while this remains the case associated problems (regulatory constraints, etc) will continue to be things that are relegated to the “don’t care/won’t fix/too hard” basket at worst, and stapled on as an afterthought at best. That’s before we even get to the hardcore libertarian mindset that is incredibly prelevant in crypto-currencies.
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Re:Nvidia announces mining GPUs, cuts the hash rate of RTX-3...
by paulmd on Friday February 19, 2021 @02:05AM
(#26190499)
It's more than that, they view existing outside the reach of the legal system and consumer protections as being a benefit. "No chargebacks" is a major selling point that the community uses to evangelize to merchants, and the flip side of that is that it's much less protections for consumers.
Re:Nvidia announces mining GPUs, cuts the hash rate of RTX-3...
by qqii on Thursday February 18, 2021 @09:55PM
(#26189042)
Except projects like TrustSwap exist.
The Internet doesn't have built in mechanisms for regulation or fraud and nor should it. Cryptocurrencies obviously don't solve the problem, but can be used to create a stricter set of guarentees than the current sustem.