"a security is first and foremost an ethical concept, which is why the legal concept even exists" -@allenf32
you're relying on company management or service opetators who have privileged information, and management discretion affecting your investment. they defacto could rob you
Cypherpunks like Wei Dai, Tim May, myself were interested in smart contracts, anonymous or pseudonymous commerce using reputations, good behavior bonds etc without the possibility for physical enforcement and smart contracts rather than court/arbitration process. A decade of alt
altcoin premines, ICOs, definitely, nft rug-pull exit scams shows empirically that was maybe optimistic. Self regulation, smart contracts, in theory preferable, in practice can it work in isolation? I think cypherpunks underestimated the casino use case with rug-pull incentive.
Still smart contracts are fundamentally interesting and valuable, as posession is 9/10ths so if a financial instrument can self settle rather than trusting a back office and custodian for execution that's clearly more robust. some things don't need discretion,or even price freeds
@cz_binance@binance your customer support marked my ticket as resolved and said I cam withdraw but I still can't. Incompetence! Lies!
#stackchain comrads please note. RT for signal.
जनहित से जुड़ी हर चीज को वोट के तराजू से तौलने वाले कभी लोगों का भला नहीं कर सकते। यही वो सोच है, जिसने दशकों तक राजस्थान सहित देश के कई हिस्सों को विकास से दूर रखा।