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A comment on The Cryptocurrency Crash Is Replaying 2008 as Absurdly as Possible. Parent comment

Re:The Cryptocurrency Crash Is Replaying 2008 as Absurdly as... by aeternum on Saturday May 14, 2022 @07:28PM (#31383726)
Agreed, there will always be scammers out there. Trust the code, not the human shills. Just as with a company, consider who has controlling interest. One advantage of crypto however is that the books are wide open to those willing to look.
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Re:The Cryptocurrency Crash Is Replaying 2008 as Absurdly as... by yunohn on Sunday May 15, 2022 @09:19AM (#31387375)
No, my point is that an algorithm can only control very few things - most governance actions are manual and attacks can exploit anything.
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Re:The Cryptocurrency Crash Is Replaying 2008 as Absurdly as... by aeternum on Sunday May 15, 2022 @02:52PM (#31389956)
Yes that's fair, but if you choose algos/chains with actual distributed governance then you at least the voting has to happen on-chain so you can sell if you don't agree with the way a vote is going.

You can sometimes do the same with companies but definitely not always.

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