this post was submitted on 13 Nov 2024
970 points (98.1% liked)
People Twitter
5391 readers
599 users here now
People tweeting stuff. We allow tweets from anyone.
RULES:
- Mark NSFW content.
- No doxxing people.
- Must be a tweet or similar
- No bullying or international politcs
- Be excellent to each other.
- Provide an archived link to the tweet (or similar) being shown if it's a major figure or a politician.
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
The difference is the government exists to step in and punish scammers, and regulates markets to prevent many scams for being possible.
That is also possible with blockchain, its partly enforced with KYC (know your customer) laws. Granted there isn't currently a great example that I know of where auditing and reversal is possible but that doesn't mean it's not technically possible.
one of many benifits of the blockchain is that there are ways of using it without directly giving up your name or government ID. A minor side effect is that scams will exist using it.