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Knock_Knock_Lemmy_In , 3 months ago thats not what cryptography means, You didn’t even know what “those big words” meant a second ago. downside especially for banking which is centrally controlled Banking doesn’t need to be centrally controlled. It only has been for the past few hundred years. It’s called triggers, user roles etc, Why pay and trust a 3rd party control those? what if regulations change… You update the smart contracts The only thing bitcoin revolutionized was the speed with which scammers can dupe people out of their money. Almost true. Scams are not the only thing revolutionized.
thats not what cryptography means,
You didn’t even know what “those big words” meant a second ago.
downside especially for banking which is centrally controlled
Banking doesn’t need to be centrally controlled. It only has been for the past few hundred years.
It’s called triggers, user roles etc,
Why pay and trust a 3rd party control those?
what if regulations change…
You update the smart contracts
The only thing bitcoin revolutionized was the speed with which scammers can dupe people out of their money.
Almost true. Scams are not the only thing revolutionized.