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0 pointsstaplers6mo ago0 comments

  appears to be regulatory differences in how the blockchain is regulated versus traditional ledgers.

One is governed by humans/banks, the other by unalterable mathematical precision. If you truly don't see the value I don't know what else could be said.

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jchw6mo ago

That turns into a downside very quickly for a lot of applications.

staplersOP6mo ago

Indeed, we are witnessing many of them currently.

Hyper-inflation, censorship, corporate takeover of all interpersonal transactions, data harvesting, slow processing, fraud, offshore accounts, scams, laundering. The list feels almost endless.

Luckily we're talking about bitcoin right?

jchw6mo ago

Well, for one thing, you keep mentioning Bitcoin when we're not even talking about Bitcoin, which is extremely weird. Bitcoin is not one of the two things. I hate to be this way but do you even realize what thread you are replying in? This isn't fiat currency versus Bitcoin. It's fiat currency (by proxy) using Blockchain-based ledger versus fiat currency using a traditional ledger...

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0 pointsstaplers6mo ago0 comments

  appears to be regulatory differences in how the blockchain is regulated versus traditional ledgers.

One is governed by humans/banks, the other by unalterable mathematical precision. If you truly don't see the value I don't know what else could be said.

0 comments

jchw6mo ago

That turns into a downside very quickly for a lot of applications.

staplersOP6mo ago

Indeed, we are witnessing many of them currently.

Hyper-inflation, censorship, corporate takeover of all interpersonal transactions, data harvesting, slow processing, fraud, offshore accounts, scams, laundering. The list feels almost endless.

Luckily we're talking about bitcoin right?

jchw6mo ago

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j / k navigate · click thread line to collapse