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Re:Top Bitcoin dev gets owned by horsawlarway on Sunday January 01, 2023 @04:36PM (#34211227)
fraud and reconciliation are fundamental in our finance systems. To claim this as anything other than a failing of bitcoin as a whole is "inexcusable".
Re:Top Bitcoin dev gets owned by meltyness on Sunday January 01, 2023 @05:00PM (#34211468)
I still get butterflies thinking about the clever beauty of the great network, computer, software, cryptographic security piñata in the sky.

It means that rather than being a story about public affairs, snake oils, and conspiracies -- security is now a legitimate business concern.

I won't pretend to have an endgame, but I really don't see too much to loathe. Even the most vehement concerns are easily reframed as opportunity.

- Unsuspecting public? To contrast crypto with the system not many people's personal financial planning involves bounding correlations between News Sentiment -> VVIX -> VIX -> Derivatives market -> Volatile inflation across all sectors.

- Security concerns? Again, this slaps a price tag, and hence quantifiable risk-level on every computer system security level -- airgapped? networked? It's practically its own insurance, on software that is still centuries away from being closed-form auditable.

- Proof of work? Global governments cooperate to limit, minimize, control power usage. Not such a bad thing in that light, the power system could use more care and engineering as it is.

Re:Top Bitcoin dev gets owned by lizknope on Sunday January 01, 2023 @06:37PM (#34212389)
The centralized authority of credit card companies etc that can reverse fraudulent transactions are one of the major reasons for the success of credit cards.

Bitcoin sees this centralization as a bug and the inability to reverse transactions is a feature.

Why do crypto bros only want the government to step in when they LOSE money???