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by 100001_100011 1317 days ago
> No blockchain can ever guarantee there's any visibility or accountability

Visibility or accountability of what? Many blockchains are public.

I find you not only misinformed but possibly intentionally trying to mislead people.

"The amount of energy necessary to refute bullshit is an order of magnitude bigger than to produce it."

- Paul Kedrosky
2 comments
caminante 1316 days ago
> Visibility or accountability of what? Many blockchains are public.

I don't know how you ask these questions if you read the parent's post.

Clearly, the parent lays out situations where going off/on blockchain dilutes visibility.

The cross-collateralization of FTX assets wasn't on blockchain.

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100001_100011 1316 days ago
I read the parent's post.

"No blockchain can ever guarantee there's any visibility or accountability."

Ever? Any? Clearly this sentence is false. It takes only one counterexample to prove it.

Here's the counterexample. If someday all the world's money are on a single blockchain and there are no banks, the blockchain guarantees visibility and possibly accountability.

Do you see the meaning of ever now?

Please don't be gratuitously negative. It's to your benefit to be precise. You sell yourself short when you cut off possibilities.

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caminante 1316 days ago
>Here's the counterexample. If someday all the world's money are on a single blockchain and there are no banks, the blockchain guarantees visibility and possibly accountability.

Fine. Let's agree to two premises:

1. all the world's money are on a single blockchain

2. there are no banks

Your conclusion, doesn't necessarily follow!

The problem is I can still contract rights to the blockchain outside of the blockchain, e.g. where on the blockchain did it track FTX's cross collateralization? That's not visible unless I express my right somewhere in the public record.

This scenario (and others) underly the broad point made by the parent.

As far your ad hominem on negativity, I have no idea what you're referring to.

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eric_cc 1316 days ago
> I find you not only misinformed but possibly intentionally trying to mislead people.

This. Brand new account spreading blatant lies.

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100001_100011 1316 days ago
11 months old isn't brand new.

The way I find the OP isn't a blatant lie. It's the truth: how I find the OP.

Now I'm wondering about you.

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