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Re:Why I’m Cryptophobic by babypuncher on Thursday June 30, 2022 @07:21PM (#31939993)
And you're trusting some central authority to manage your money along with that of countless others. You're right back in the same situation you presumably wanted to avoid with fiat and banks, only with exponentially greater environmental impact and no regulations in place to protect your money when things go FUBAR.
Re:Why I’m Cryptophobic by adastra22 on Friday July 01, 2022 @03:37AM (#31943511)
The L2 systems built on bitcoin have faults, but centralization is not one of them. You don’t go custodial when you put bitcoin into a lightning channel.
Re:Why I’m Cryptophobic by aaaaaaaaata on Friday July 01, 2022 @09:21AM (#31945979)
and the L2 systems on ETH have even fewer faults.