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submitted 11 months ago by self@awful.systems to c/buttcoin@awful.systems

this has all my favorite grifts in one! crypto, AI, and the one where you re-scam the victims of your other scam by pretending to be the cops!

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[-] Soyweiser@awful.systems 1 points 11 months ago

If there is a not total civ level collapse which still fractures the internet into different networks which do not communicate, I think crypto will be even more fun, as then you can double spend without needing 51% if you have trade the same coin at the same time on both networks. Not trading anonymously/trusting that you can find the guy who you sold a thing too later to reverse the transaction, would fix that of course but wasn't that one of the appeals of crypto?

Say if I was a Russian olicharch with a lot of crypto and Putin decides to close the digital iron curtain, I would dump all my crypto at both markets at the same time the moment the curtain is down. Sure eventually your crypto gets owned by either a russian or a non-russian due to the consensus algo but that is their problem not yours.

this post was submitted on 13 Dec 2023
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