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Knock_Knock_Lemmy_In@lemmy.world ⁨7⁩ ⁨months⁩ ago

you made the assumption I didn’t understand it…

No. You admitted those words mean nothing to you.

what if something goes wrong

You plan for each eventually and ensure all responsibilities are understood.

stolen credit cards, stolen identity wring transaction,

Multisignature, limit controlled wallets

what if the validators disagree what is the truth ala bitcoin split?

Wait for a few blocks before assuming your transaction is confirmed. Don’t be dishonest during a fork event.

Blockchain is woefully inadequate to manage finances…

The general public is woefully uneducated and unsupported for blockchain managed finances, but the technology is fine.

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