I think I just fundamentally disagree with the system then. I don’t think that the user should be completely responsible for being hacked. The 2FA wallets like metamask still seem to be “hosted” on the computer, so after the user types in the 2FA the private key is exposed. Basically too much complication.
Also the cost for using that tech is also a problem, otherwise the blockchain? size will become too large. But beyond that my knowledge is limited. I guess we just disagree on the fundamentals.
That is the problem. 1 Fuck up and your money is gone. Whether that is someone else, you, CVE, it’s gone and everyone elses in that network.
By death I was wrong; Difficulty wont kill a coin. Though that then has other issues.
I doubt you understand how bad deflation is for a currency, or you are in this for the money?
From scams to just cyber attacks with no safe guards would make everything impossible to handle. There is no bank covering you or insurance. People dying, losing keys etc drive deflation. BTC/Mining coins are destined to die. Maybe there is something there, but it certainly isn’t finance.
Inflation is necessary for multiple reasons, but you can read on that yourself. Such as; what would happen if everyone considered holding to money an investment? IMO these facts make Fiat sound so much better…
Last time I checked all of those had real world value before the scams started.
For cryptos, it seems to be the other way around. They are trying to solve issues at the cost of having issues that are unacceptable and unfixable.
I loved how my xiaomi went EOL after a major update that broke receiving calls, also the battery saver thing.
Never buying anything off them again, especially after GDPR notifications on everything, like why the fuck do you need this data (I know. Xi Jinping wants to know the good furry fetish porn)
/rant
“If you don’t work for me for free, I am going to insult you”
And before anyone even decides to reply to this, donate something to FOSS projects you like, rather than throw anger at me. Every little bit helps
Proprietary and FOSS software both have a place, otherwise I would like to ask anyone against proprietary software for bank statements of FOSS donations or “Can you make a better one free”.
There isn’t a lot of great FOSS software just because there isn’t much funding… Regardless, I am on the same page, that I’d much rather use FOSS software.
Paying for a product is not a bad thing, but yeah obviously there are issues with something not being FOSS…
No problem, I see that the systems have developed and thanks for the explanations. Mainly my issue is user incompetency, which is a problem that has to be fixed. Less of a technical limitation, but more “software political”. You shouldn’t need to know anything about security practices to be safe IMO. The exact issue is also with Linux desktop.
In terms of the chain sizes, I doubt the growth would be that small if it had actual use. When also talking about integrating cryptos into a proper currency, the loss of coins, deaths of users, corrupted disks need to be taken into account. There needs to be some inflation on a coin for it to work in an economy, but I’m not too familiar with economics. Scalability is always an issue that pops up too, but I don’t know much about it.
I get you responded to these already. Just more of a summary!