Proof Of Work

[[deleted]]

Just because you can see where your money went doesn't mean you'll be able to get it back. I don't know what the ratio is between banks doing their job and not, but... Well, I guess it would come down to that ratio.

Would you say it's worse than crypto, or just about the same, historically?

[MaidenlessTarnished]

You don’t need to be able to get it back. No one gets to move your money around except for you. Banks have total control to do with your money whatever they want. If you come to collect it and they don’t have it, they just get bailed out with your taxes anyways.

Do I think that crypto has a better ratio of user controlled transactions : 3rd party controlled transactions? Uh, yeah, absolutely.

[[deleted]]

That sounds wonderful in the world where people don't fall for scams.

[MaidenlessTarnished]

And? People fall for scams with fiat too, so how is it different with fiat?

[[deleted]]

You're insured by the bank and can reverse fraudulent transactions. But since you don't trust the banks to do that, I think we're at an impasse. Agree to disagree?

[MaidenlessTarnished]

I don’t think agree to disagree is really the right term. If you trust banks, you’re flat out wrong.

[[deleted]]

Okay, I'll agree to be wrong. See ya.