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by jancsika 1470 days ago
> Surely there's gotta be some concern here that someone could take your shit.

Sure.

Keep in mind though that crypto is battling the status quo where some arbitrary user could initiate an arbitrary chargeback through the use of a third party. Good luck building a smart contract around that!

With crypto there's no confusion or anxiety-- your coins are provably gone in the example you're citing.

In a way it's like the old error-prone analog computers vs. the new binary-logic-based digital ones. Yeah, rampant theft is bad, but it is discrete theft. And that is the point-- we can measure it in ones and zeros to build upon and compose the digital infrastructure that will become web4.

It's mostly zeros but you get the idea.