Lemma
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Lemma, a short statement you believe to be true
- No names, respond to the idea not the person
- Stay on topic, the lemma stays in the center
- Rate other lemmas, highest rise to the top
- Tags, follow what you care about
#crypto
#decentralised
Opinion
Irrelevant
2yr
Exchanges, wallets and services companies are still vulnerable to attack like any other business
#crypto
#decentralised
Opinion
Irrelevant
2yr
Privacy risk, if someone finds out your id they can see not just your ‘bank balance’ but your entire transaction history as it’s a public ledger
#crypto
#decentralised
Opinion
Irrelevant
2yr
Harder for average consumers to have a grasp of ‘where their money is’
#crypto
#decentralised
Opinion
Irrelevant
2yr
Consumers have to maintain access to their accounts/wallets, banks have services for recovering accounts lost or stolen, or for people deceased or impaired
#crypto
#decentralised
Opinion
Irrelevant
2yr
Governments still have the ability to regulate crypto for legal transactions if they chose to
#crypto
#decentralised
Opinion
Irrelevant
2yr
A very small minority of consumers are at risk of having payments stopped or refused by payment processors, let alone the number that have actually had it
#crypto
#decentralised
Opinion
Irrelevant
2yr
Less risk of fraud with Blockchain, financial fraud is an increasing concern
#crypto
#decentralised
Opinion
Irrelevant
2yr
Banks have gone bankrupt in the recent past and savers have lost money, governments only back up to a limited level
#crypto
#decentralised
Opinion
Irrelevant
2yr
Currently a lot of anti-government and anti control sentiment
#crypto
#decentralised
Fact
Compelling
2yr
The fact Crypto is de-centralised is a huge draw for consumers