• Kecessa@sh.itjust.worksBanned
    link
    fedilink
    English
    arrow-up
    1
    arrow-down
    11
    ·
    1 year ago

    It would probably have been a centralized system though so much easier to control it.

    A bit like USDT that is controlled by a company that has frozen assets on certain accounts in the past and replaced those frozen assets with new ones. They have control over the contract so they can just prevent certain wallets from interacting with it, making the coins useless as they’re stuck in the wallet (need to interact with the contract in order to move coins around).

    • selfA
      link
      fedilink
      English
      arrow-up
      12
      ·
      1 year ago

      that sounds a lot like a shitty database with extra steps

      • Kecessa@sh.itjust.worksBanned
        link
        fedilink
        English
        arrow-up
        1
        arrow-down
        11
        ·
        1 year ago

        Well, just the fact that it’s 100% transparent is a step forward compared to the stock exchange as it is at the moment and otherwise your comment also applies to the stock exchange as it is working now…

        • sc_griffith
          link
          fedilink
          English
          arrow-up
          9
          ·
          1 year ago

          “we made the plane 100% transparent! now you can tell if the pilots are doing anything bad, it’s a major step forward. also it doesn’t really fly now”

          • froztbyte
            link
            fedilink
            English
            arrow-up
            8
            ·
            edit-2
            1 year ago

            the plane’s made of perspex and the wires are salt-soaked strings wrapped in liquorice strips for isolation but it’s fine, our designer signed off on it

            • gerikson
              link
              fedilink
              English
              arrow-up
              4
              ·
              1 year ago

              Wasn’t the space ship in Niven’s Ringworld series both literally indestructible and transparent? There’s no way I’m going back to check because Niven is one of those authors I realized decades after reading him was a dirty old man.

        • selfA
          link
          fedilink
          English
          arrow-up
          9
          ·
          1 year ago

          if you’re gonna come in here and spew coiner bullshit at least make it entertaining for fuck’s sake