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None. Suffer. (lemmy.world)

submitted 3 weeks ago by Stamets@lemmy.world to c/whitepeopletwitter@sh.itjust.works

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[–] ryathal@sh.itjust.works 1 points 2 weeks ago* (last edited 2 weeks ago) (2 children)

The difference is the government exists to step in and punish scammers, and regulates markets to prevent many scams for being possible.

[–] workerONE@lemmy.world 0 points 2 weeks ago

That is also possible with blockchain, its partly enforced with KYC (know your customer) laws. Granted there isn't currently a great example that I know of where auditing and reversal is possible but that doesn't mean it's not technically possible.

[–] desktop_user@lemmy.blahaj.zone 0 points 2 weeks ago

one of many benifits of the blockchain is that there are ways of using it without directly giving up your name or government ID. A minor side effect is that scams will exist using it.