News for hackers. Stuff that matters.

A comment on How badly is cryptocurrency worsening the chip shortage?. Parent comment

Re:How badly is cryptocurrency worsening the chip shortage? by capableweb on Friday November 12, 2021 @11:51AM (#29201452)
> when's the last time you or anyone you know handed off large chunks of cash to strangers for the purpose of delivering that money to someone else?

Every time you do a bank transfer that is exactly what happens

[ Parent | on HN ]
Re:How badly is cryptocurrency worsening the chip shortage? by leesalminen on Friday November 12, 2021 @12:00PM (#29201603)
You can't make a bank transfer without having a legal contract with a bank. Contracts reduce the need for trust, that's why they exist.
[ Parent | on HN ]