this post was submitted on 18 Mar 2025
987 points (97.6% liked)
People Twitter
6446 readers
2116 users here now
People tweeting stuff. We allow tweets from anyone.
RULES:
- Mark NSFW content.
- No doxxing people.
- Must be a pic of the tweet or similar. No direct links to the tweet.
- 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
You know what a normal database is.
The Blockchain is a distributed database instead of a centralized one where normally people can verify that each other part of the database is correct.
Generally anything a distributed database can do, a centralized database in good hands can do better. Except for crimes. It's more difficult to get away with crimes when they can be shut down in one place.
Also it's harder to undo Blockchain/crypto stuff. They sell this as a benefit while the primary use is scams and rug pulls.
"The government can't get your money back." Yeah, gonna be hard to get back thr money you were scammed out of with a court order, isn't it.
They also try to sell it as anonymous, but it's very much not. Everything is on the record, so if they link you to an address (and they generally can), they can see every transaction you've ever made. There used to be services to obfuscate this, but the government has well and truly broken through those. They can find you of they want to.
Crypto is a an MLM for guys. You can make money, if you're lucky enough to be the scammer and not the scammee.