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by LeafGuild
1317 days ago
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Well I'm not a politician or lawmaker and I have no problem blaming blockchain for this. I'm technically a "business person" because I have a job, but technically all crypto people who intend to use it to make money are also business people. The way bitcoin and all its friends are designed is intentionally done so in a way that allows centralized entities to run amok and cause havoc without any accountability until the entire thing collapses. It's blockchains that are the fraud. The designers of blockchains, including Satoshi, were aware of these problems and the risks of the system becoming unstable or getting targeted by scammers. They went forward with their designs anyway knowing the risks. Because they thought they were better than the central banks and they wanted to say they were sticking it to the man. How were they better though, when their inventions gave way to one giant fraud after another in a shockingly small amount of time? These Enron-level and WorldCom-level events are a weekly occurrence in crypto. |
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