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Re:Why All Cryptocurrency Should Die in a Fire by ur-whale on Saturday May 14, 2022 @09:29AM (#31377733)
> when you have trusted entities.

Except for the minor detail that you never do.

Re:Why All Cryptocurrency Should Die in a Fire by dathinab on Saturday May 14, 2022 @10:21AM (#31378170)
No, from a legal/state POV you do have enough trust.

Perfect solutions do not matter.

The only thing which matters is good enough solutions.

For a state (i.e. most states in the current world) federated validators are good enough.

And systems which go beyond that (wrt. byzantine generals problem) have properties states tend to not want.

(I'm not judging if it's ethical good or bad.)