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Cake day: January 12th, 2026

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  • musicalphysics@discuss.onlinetomemes@lemmy.world•Been there
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    7 days ago

    It is easy to claim don’t elect corrupt officials except governments all around the world are corrupt. Government corruption is the common outcome, not a rare occurrence.

    If a blockchain gets forked people who held coins before the fork now have coins in both forks. Your story involves a fundamental misunderstanding.

    Yeah, no.





  • musicalphysics@discuss.onlinetomemes@lemmy.world•Been there
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    7 days ago

    Yes, a centralized currency can have consumer protections. What about the flip side, protection from the central bank? A central bank can restore your balance under fraud, they can also fraudulently steal your balance. Central banks also get to dictate who/what you get to spend your money on. Which is why blockchain is popular with those who oppose fascists. The government doesn’t like Wikileaks, well, they get to block payments.

    Countries manage currencies for their own ends, not for the benefit on its citizens. Plus, how much violence is the central bank willing to inflict to fulfill its ends? Your whole post ignores the long history of truly awful behavior from governments in order to keep the power of money under their control.


  • musicalphysics@discuss.onlinetomemes@lemmy.world•Been there
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    7 days ago

    And a centralized database can be modified at will by whoever controls it. Just because you place no value on a distributed ledger that is censorship and fraud resistant doesn’t mean that configuration has no value. Centralized currencies are secured with violence. Blockchains are secured with math.