this post was submitted on 13 Jul 2023
1027 points (98.5% liked)
Programmer Humor
32410 readers
361 users here now
Post funny things about programming here! (Or just rant about your favourite programming language.)
Rules:
- Posts must be relevant to programming, programmers, or computer science.
- No NSFW content.
- Jokes must be in good taste. No hate speech, bigotry, etc.
founded 5 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
But does it though? A blockchain is the ultimate zero tolerance policy. Lost your password? Grandma gave the house to a scammer? Too fucking bad
Cryptocurrency is basically like digital cash. No one can control how you spend it, or take it away. But you can't undo transactions without tracking down the recipient, and getting them to give it back. If you don't trust anyone, cash and crypto are the only real ways to pay for stuff.
Cash doesn't leave you holding worthless numbers when the founders cut and run.
Well, it does in some economies, but not the ones that cryptocurrency advocates actually choose to live in. If you live in Menlo Park or Toronto or Phoenix or Dublin, you live in conditions that would not be possible without a stable "real money" economy.
This is exactly the same thing as cash. If you buy a major currency, like usd, euro, bitcoin, ethereum, etc, then it will be much more stable than some random currency. Would you trust a cash currency that was created by some random dude in an alleyway?