269
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 23 Nov 2023
269 points (97.2% liked)
Technology
59381 readers
1010 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
Centralization allows for this. If people exchanged crypto peer to peer transaction amounts would be much smaller and no one person or company would have nearly as big of a share as binance. So I will continue to say not your keys, not your coins.
If you are trading, its a cheaper choice. (Except if you are trading in Blockchains like polygon) Also, "not your keys not your coins", but most people are losing access to their Facebook account (without 2FA), they have no chance to keep their own keys..
People need to learn to take responsibility. If they lose their money once or twice, they won't do it again, because they will figure out exactly how to not lose their money. Losing access to a Facebook account is inconvenient because you have to do the whole forgot password thing, but losing access to your money and knowing there's no way to get it back is a whole different story.
I feel like you don't get duality of outcomes is for the poors. Rich people get their nut and they get it back. Always. I've read somewhere its like Rule #0 or #1 🤔
If a rich person is using crypto the way it is meant to be used with holding their own keys, then they don't get their money back either if they lose their keys. Literally, it's not your keys, not your coins. If they don't have the key, they don't have the coins no matter who they are.
I don't know how to admit what I feel when I watch all the scumbag upwardly-mobile already upper class yuppies crying about losing their currency cuz they wanted to 10x or whatever. It really is a beautiful thing and its even more hilarious how everyone babies rich douchebags.
If only they could quit poverty like the vapid dilletantez they are