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A comment on Coinbase tells judge that buying crypto is just like collecting Beanie Babies. Parent comment

Re:Coinbase tells judge that buying crypto is just like coll... by colesantiago on Thursday January 18, 2024 @03:50PM (#39047505)
That is correct.

It's just a regular database you need.

Using overhyped fancy technology like blockchains, DLTs doesn't solve anything legitimately useful.

But if there is a 'usecase' it is only of the worst and illegitimate kind, ransomware payments, speculation, ponzi / pyramid schemes, etc.

[ Parent | on HN ]
Re:Coinbase tells judge that buying crypto is just like coll... by alchemist1e9 on Thursday January 18, 2024 @04:12PM (#39047816)
> legitimately

You keep using that word. I do not think it means what you think it means.

[ Parent | on HN ]
Re:Coinbase tells judge that buying crypto is just like coll... by npoc on Thursday January 18, 2024 @05:36PM (#39048858)
If you use a regular database for money, then some people can go in and change the digits massively in their favour without doing any work, just as we can see happening with fiat currencies.
[ Parent | on HN ]