And the block-chain’s nature makes the fraud permanent and fixed.
Not true
It’s ironic that the design of blockchain is to be impossible to edit as security against fraud. Because crypto is famous for all the fraud, And the block-chain’s nature makes the fraud permanent and fixed.
At least one of the currencies had to fork because fraudulent transactions couldn’t be undone.
prole@lemmy.blahaj.zone 3 days ago
untakenusername@sh.itjust.works 3 days ago
well it is unless the blockchain is forked without that transaction, which doesn’t happen often at all so its mostly true with like two exceptions ever
untakenusername@sh.itjust.works 3 days ago
Well security against monetary fraud, like faking coins or double spending. Especially double spending, at the time when bitcoin started pretty much all the other mathematical problems were figured out except that one.