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by otakucode
2578 days ago
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Financial software is special. It has to be. The value of our currency is literally directly dependent upon it. Imagine what would happen if tomorrow we woke up and it was revealed that there had been a persistent manipulation of the financial systems. When Walmart or some other large company goes to another country and says "we have $5 million, we need good and services" they would be met with "we don't believe those numbers in your bank software MEAN anything. PROVE they represent money and aren't just a bug." At that point, everything stops. Well, everything that has no built-in means of proving legitimacy. I've read multiple times that the only real thing Bitcoin offers is protection against counterfeiting and no one gives a damn about that because faith in the system backs our money so counterfeiting isn't a big problem. In the hypothetical scenario, though, it becomes the primary problem, and overnight only cryptocurrency can be proven to mean anything at all. Everything else would just be unreliable nonsense numbers based on rotted code. |
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