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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 368.29+0.6%Nov 7 4:00 PM EST
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To: TobagoJack who wrote (169971)3/28/2021 4:35:36 PM
From: sense  Read Replies (1) of 217591
 
But, the blockchain should mean that the transactions are all recorded... so, they should be able to be walked back... ?

Otherwise... "fraud tolerance" means "buyer beware" trumps even the law...

All of the smart contract language... ? Can you show me any contracts that have been enforced in court ? Without an appreciation of the costs of enforcement... the probability of the need for it... the likelihood of success... all a bit hard to judge, yet.

Or, if you find a way to make victims in the middle of a chain whole... and not transfer punishment to those the frauds spent ill-gotten money with ?

You would have to find a way to grow the currency in the middle from an event like that... to fill in the hole that the fraud makes ?

So, the competition then would be one between 1.) a crypto that is fraud tolerant but fraud safe...only growing in the middle from the point of a fraud... so the future growth in currency is driven by accumulations of frauds... and 2.) a fiat currency that aggregates all of the fraud in growing the currency at one end, while not solving any of the problem of the impact of frauds occurring in the middle of the chain in commerce ?

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