Re:In second largest DeFi hack, Blockchain Bridge loses $320...
by PinguTS on Thursday February 03, 2022 @07:08AM
(#30191422)
I thought it is all decentralized. I thought that it the whole point of Web3. Dou you want to tell me it is not. That there are central instances, which I can control? Wow.
[ Parent
| on HN ]
Re:In second largest DeFi hack, Blockchain Bridge loses $320...
by capableweb on Thursday February 03, 2022 @07:09AM
(#30191427)
https://news.ycombinator.com/item?id=30191268
I made no arguments for/against decentralization, I didn't mention web3 nor that there is no central instances or that no one controls nothing in the cryptocurrency world. What are you even doing here on HN if you can't actually reply with a good faith argument? Please save that for Reddit or wherever that happens normally.
Re:In second largest DeFi hack, Blockchain Bridge loses $320...
by moron4hire on Thursday February 03, 2022 @08:38AM
(#30192202)
As a user, you don't get equal access to the Blockchain. You can't make any transactions unless someone wins the mining/staking lottery and then writes a block for you, an operation that is incredibly expensive to achieve. While the Blockchain itself is a distributed ledger, your access to it is not decentralized.
Re:In second largest DeFi hack, Blockchain Bridge loses $320...
by JaimeThompson on Thursday February 03, 2022 @08:15AM
(#30191999)
Modern crypto is all about being the new middle men while claiming to be decentralized.
Re:In second largest DeFi hack, Blockchain Bridge loses $320...
by unreal37 on Thursday February 03, 2022 @07:17AM
(#30191491)
Transferring tokens to dollars is not decentralized. International (fiat) banking is tightly controlled.
Re:In second largest DeFi hack, Blockchain Bridge loses $320...
by PinguTS on Thursday February 03, 2022 @07:23AM
(#30191548)
What if I don't need fiat, because many things can be payed in some form of crypto like in Metaverse?
What if round-trip those through many different cryptos?
What if round-trip those through funny NFTs and with that even inflate NFTs?
What if a combine many of those steps?