The whole thread is great. Criminal activity is what keeps the cryptocurrency bubble inflating (with money laundering the principal use case). The basic critique of crypto is that if it doesn't work, there's no point to it, and if it works as advertised, it attracts all the crimehttps://twitter.com/smdiehl/status/1395687848230199296 …
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And let's not even start on "smart contracts", the next wave of cryptomania. In the best case, smart contracts are a way to weld unpatchable bugs in code directly to your bank account. In the worst case, they're an obfuscated C contest where the winner gets to take all your money
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The state of the art in computer programming in 2021 is such that we can't secure a light bulb. But VCs now want to port five hundred years' of contract law into immutable code and hook up to grandma's retirement account.https://blog.checkpoint.com/2020/02/05/the-dark-side-of-smart-lighting-check-point-research-shows-how-business-and-home-networks-can-be-hacked-from-a-lightbulb/ …
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money laundering is good I honestly cannot understand the perspective that looks at the current situation and thinks "things would be better if the state had even more absolute control over financial transactions"
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