Re:Nomad drained of $150m due to a coding mistake
by shreyshnaccount on Wednesday August 03, 2022 @02:44AM
(#32328397)
except what stops apple and google from building basically the same features and also having full control over them? and you bet that people would rather use apple <whatever> than shady crypto scam <whatever> if they really want to. the takeaway is that crypto is going to change practically nothing and produces nothing of value anyway.
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Re:Nomad drained of $150m due to a coding mistake
by 676234e117 on Wednesday August 03, 2022 @03:44AM
(#32328770)
Facebook already tried this, it was called Libra.
Re:Nomad drained of $150m due to a coding mistake
by shreyshnaccount on Wednesday August 03, 2022 @05:39AM
(#32329559)
except facebook doesn't already have something like gpay or apple pay that's widely used to integrate it with...
Re:Nomad drained of $150m due to a coding mistake
by 676234e117 on Wednesday August 03, 2022 @05:42AM
(#32329576)
Nothing stops tech companies from building crypto wallets or services that hold custody over users funds, a lot of them are already doing that. Building a new blockchain where they fully control the network and its features is harder.
Re:Nomad drained of $150m due to a coding mistake
by shreyshnaccount on Wednesday August 03, 2022 @08:04AM
(#32330580)
look at atm cards. thaeres like 4 major players globally, controlling everything. I'm not talking about big tech building crypto wallets, I'm talking about them building features similar to what blockchains can do- fake DAOs, fake NFTs etc. the point I'm trying to make is that the end result of all these features doesn't inherently need a blockchain if a major player wants to build them