this post was submitted on 06 Oct 2026
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I'll make a very simple argument here, don't elect corrupt officials who use institutions meant to work for you against you. You may not like that argument and that's fine because I'm not here to argue that argument. Instead we're going to discuss what is you argument when the centralized cabal of your blockchain currency steals your balance? Outside of forking the chain and hoping it gets accepted you've got nothing. You don't get to choose who takes over and you have no way of holding them accountable.
Before you claim this is impossible go look up Steem. That chain got hard forked into Steem and Hive and of the two Steem, which experienced a hostile takeover, is doing better than Hive, the community fork. People who opposed Steem got cut from the chain. Now, if crypto was a real currency for the sake of stability one of the two forks would have to be chosen (otherwise you end up with fork after fork), who is to say your money won't just get wiped because you ended up on the wrong side of the fork? Who is going to give you that money back? The same way your money gets wiped whatever transaction you want to do can also get wiped if whoever controls the chain decides so.
And I'll reiterate. My point wasn't that FIAT currencies are the best thing ever, my point was that they're better than the blockchain alternative because you end up with all the bad of the FIAT currency with none of the good.
It is easy to claim don’t elect corrupt officials except governments all around the world are corrupt. Government corruption is the common outcome, not a rare occurrence.
If a blockchain gets forked people who held coins before the fork now have coins in both forks. Your story involves a fundamental misunderstanding.
Yeah, no.
Excellent reading comprehension on your part.
Now what did I say about that? Oh right:
What else did you have?
Hmm, seems like I also addressed that.
I wonder what I meant by that? Could it be that it means the people who opposed Steem had their entire balance wiped from the Steem side of the fork? Well, with your impeccable logic that clearly can't be the case, clearly people doubled their coins and in doing so doubled their money. I wonder why all the scam coins haven't figured out your infinite money glitch, just fork it to double the coins and double the worth?
Or you know, alternatively, you don't know what the fuck you're talking about.