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by mrhands556 1279 days ago
I assume you’re saying the way they prevent misuse is because the ledger is public and it’s trackable by anyone who wants to look at the ledger.

If I’ve mistaken your argument then please correct me. I’m familiar with blockchain and have contributed to multiple projects in the open source community back when I saw potential and promise in blockchain tech.
1 comments
siftrics 1279 days ago
Yes, you're mistaken.

If you're the only person with the private key, you're the only person who can move the funds.

It's math. Unless you have a mathematical argument as to how to move funds without the private key, you're ignorant and uninformed.

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mrhands556 1279 days ago
If you’re depositing into a bank or exchange it’s not like 1 person is controlling that entire entities wallet(s). Deposits have the same risk of being misused in crypto as in fiat.
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siftrics 1279 days ago
DEXs exist. What you are talking about has nothing to do with blockchains or self-custody.

Again, read primary sources and learn fundamental concepts before vaguely disagreeing.

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