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Re:'Elite North Korean hackers' blamed for $6.3B Binance hack by TheOtherHobbes on Friday October 30, 2026 @04:23PM (#50309643)
As soon as you have an entirely new power structure you have a new government.

Different people may be on top, with different aims (...arguable, but let's pretend.)

But there will always be a government of some sort making the big decisions for the benefit of its ruling clique.

Re:'Elite North Korean hackers' blamed for $6.3B Binance hack by gradus_ad on Friday October 30, 2026 @04:39PM (#50309840)
Indeed. That's the point. We can't sidestep human control via technical means.
Re:'Elite North Korean hackers' blamed for $6.3B Binance hack by alfiedotwtf on Friday October 30, 2026 @08:10PM (#50311836)
I think everyone is misunderstanding crypto…

Crypto doesn’t care wether or not the transaction was for good or evil. It’s Switzerland, it’s neutral, and there really only one goal - to sidestep human control.

If a transaction was successful, it’s done its job.

Re:'Elite North Korean hackers' blamed for $6.3B Binance hack by CrazyStat on Friday October 30, 2026 @09:01PM (#50312194)
And yet when crypto gets stolen the people who go around preaching this kind of philosophy immediately run to the government for help recovering it.
Re:'Elite North Korean hackers' blamed for $6.3B Binance hack by scrubs on Saturday October 31, 2026 @04:23PM (#50319766)
Absolutely agree. It's all awesome until it happens to oneself, then it gets real.
Re:'Elite North Korean hackers' blamed for $6.3B Binance hack by scrubs on Saturday October 31, 2026 @04:20PM (#50319738)
It's done its job? How tone deaf can you be?

Because of human nature fraud, theft, errors, disputes over assets etc. that go along with money whatever its form need to be properly dispositioned too. A block chain has no answer for that. And without dispute resolution methods the system will die or merely attract the underside or 1-off users of society.

Second, an automatic no to power is simplistic so as to distort solutions. Power is fine provided it's not corrupt and accountable. Getting that and keeping it is a hard problem, but there's no end-run either.

Finally, how many examples of frauds, thefts N must occur before crypto is associated with fraud, theft? That N was long ago surpassed.

Re:'Elite North Korean hackers' blamed for $6.3B Binance hack by Muromec on Friday October 30, 2026 @04:30PM (#50309728)
>But there will always be a government of some sort making the big decisions for the benefit of its ruling clique

That depends on how much resources said government can extract from the environment. Either by taking or by providing value in exchange.

One can imagine a level of technological advancement that makes violence impossible and trade unnecessary. Poof, no government.