Does Australia have High Frequency Trading (HFT)? If so, can you imagine the resources impact (electricity, computer, etc.) it would take to track that.
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True blockchain has not yet been implemented apparently.
Edit why do crapto posts regularly breach containment?
To your edit, there do seem to be very many people emotionally invested in append-only ledger technology.
I’m so happy for appends. ~and edits~
no true scottschain
do continue
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if it worked like regular crypto, we’d have a major revolution after a bunch of pension money got lost to poor opsec, a smart contract hack, fat fingering, or any of the other fucking stupid things that only happen in crypto
Can’t forget outright scams and pump and dumps.
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So the system would be centralized…
Also the fact that scams already exist on the stock market doesn’t automatically greenlight crypto-ing the whole thing. Though I don’t think that’s exactly what they were trying to do, is it? Sounds like they just wanted to slap a trade ledger on a block chain? Centralizing that would defeat the whole purpose of a blockchain.
Also I just caught that you said decentralized cryptos are more likely to be scams? I’m not following that line of thought.
I wrote about this previously https://awful.systems/post/1695710
yeah it was literally to use it as the back-end database for the settlement system
tl;dr not even crypto exchanges do things this arse-backwards
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that sounds a lot like a shitty database with extra steps
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if you’re gonna come in here and spew coiner bullshit at least make it entertaining for fuck’s sake
“we made the plane 100% transparent! now you can tell if the pilots are doing anything bad, it’s a major step forward. also it doesn’t really fly now”
