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Old 01-10-2022, 04:08 PM
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Ari Ari is offline
I read some of your foolish scree, then just skimmed the rest.
Join Date: Jan 2005
Location: Bay Area
Gender: Male
Blog Entries: 8
Default Re: Blockchain, NFTs, and Web 3.0

Crypto seems like many other ideologies in that when written down in a nice little box it sounds amazing, but the real world isnít a nice little box, despite that, the humans so pleased with themselves for inventing it, now bash it against everything in hope something will stick.

On the most basic level bitcoin is a system designed for people who trust no one, and defeated by people trusting others. A ledger system where criminals can trade money, away from banks/governments while being forced to stay truthful in the transactions sounds great. But how will people easily trade large amounts, or switch to other currencies? I know, Bitcoin exchanges!

Mt.Gox Bitcoin heist 2014, 740,000 bitcoins are stolen, 650,000 never recovered. At the time that was around $400 million. Those 650,000 coins are worth around $26 billion in todays prices.

The History of the Mt Gox Hack: Bitcoin's Biggest Heist
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