[In An About Face] Tora no Ana Cuts Visa & Mastercard Right Before Comiket | Sankaku Complex
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Because the primary feature of crypto is that it has no central authority and is non-reversible. This makes it ideal for scams and unsuitable for basically anything else.
It also doesn't scale and takes too long to process and is too expensive. "Oh and what about the lightning whizz bang white paper network exchange?" that shit either A: doesn't work, or B: is just a bank with extra steps.
Then there's the state of computers, where at least 10% of computers have some kind of malware on them and it wouldn't surprise me if it was 50% or even 90% if we start including stealth back doors from state actors. This means that you just can't safely store your stash of digital gold on a computer. The current computers we have just can't do this safely.
Oh what about hardware wallets and paper backups, etc? Then the danger is that your device will break or get lost or you'll screw up in some other way and lock yourself out of your own funds.
Currency exchange is a social issue. You cannot solve it with technology. Attempting to do so will likely make it worse.
The what?
Every time you point out the problems with crypto, some bro will tell you that there is a band aid layer that goes on top that solves everything, such as the lightning network or trading on a particular exchange or some DAO on the ethereum network or some theoretical white paper that hasn't been implemented yet. It's different bullshit every time, and none of it works because the problems are systemic.
Gotcha.