this post was submitted on 09 Sep 2025
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Crypto solves it by providing an auditable public ledger following mathematical rules agreed upon by all parties utilizing it. It has a predictable and transparent minting process and transactions are uncensored. Transfers are predictable and rapid. You can see exactly what's happening when you transfer. It doesn't stamp generated ids on people, instead the people report their identity to the network.
It doesn't care how people acquire, so yes, people can use fake centralized money to buy real money if there are sellers willing to do that.
There are many more benefits, but the point is, yes, it solves an enormous number of serious problems, many of which you definitely haven't considered.
And don't forget how easy it is to reverse them in case of error.
I don't want some central authority orbiting over my finances capable of reversing something because of "error". The ability to reverse a transaction means complete surveillance, control, and submission to an authority figure. No thanks.
I would rather be in a society that doesn't make such foolish errors to begin with, and takes responsibility when they make a mistake. Measure twice, cut once.
I, too, love living in a society that never makes errors, ever, as I myself am quite infallible. https://www.web3isgoinggreat.com/
I never said we shouldn't make any errors. That's ridiculous. I said we shouldn't make such foolish errors.
For example, we shouldn't dump radioactive material into water. See? It's a foolish error you can't reverse. Are you getting it yet?
Here is another. We shouldn't dumb radioactive smog from burning coal into the air. Can't reverse that, either. Oops...we are already doing that? Oopsie, maybe some higher authority will come reverse it for us?
There are countless high-stakes operations that cannot be reversed for good reasons. I believe that money transfers is one of those things, because the alternative is batshit crazy authoritarian surveillance and control.
Anyway, you're blocked, I don't have much energy to spare for people lacking basic rational thought. I reserve that energy for feeding birds, petting dogs, water plants, and other such things. They say less, but make so much more sense than you, and have a better vibe. Enjoy your day!