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A comment on Celsius Execs Cashed Out $40M in Crypto Before Halting Withdrawals for Customers. Parent comment

Re:Celsius Execs Cashed Out $40M in Crypto Before Halting Wi... by varajelle on Friday October 07, 2022 @01:09AM (#33117658)
You don't need to trust the validator because the protocol and cryptography makes sure they can't do anything against you. And the incentive they have to mine aligns with what you want (having the chain validated)

You need to trust bankers because nothing prevent them to just take your money. They're not working for you, they are working for the bank.

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Re:Celsius Execs Cashed Out $40M in Crypto Before Halting Wi... by adrianN on Friday October 07, 2022 @01:56AM (#33117897)
Nothing prevents them from taking your money, except the legal system of the country the bank resides in.
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Re:Celsius Execs Cashed Out $40M in Crypto Before Halting Wi... by RC_ITR on Friday October 07, 2022 @11:38AM (#33122791)
> makes sure they can't do anything against you

They can 100% choose to stop validator your particular chain, therefore causing all transactions to cease.

Remember when that literally happened to Solana?

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