this post was submitted on 09 Apr 2024
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Buttcoin

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Buttcoin is the future of online butts. Buttcoin is a peer-to-peer butt. Peer-to-peer means that no central authority issues new butts or tracks butts.

A community for hurling ordure at cryptocurrency/blockchain dweebs of all sorts. We are only here for debate as long as it amuses us. Meme stocks are also on topic.

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[–] [email protected] 10 points 5 months ago (1 children)

While this is good advice, as the local ButtcoinMaximalist(tm, OG do not steal) I think this is only pleb protection, you know for the normal people. Butters should do more, be your own bank as they say. So clearly it is ops own fault that he lost his money, he should have setup a IDS which should have warned his SOC that something was wrong and then they should have taken action. Be your own bank! ;)

But yeah it is amazing how a standard bank protection like 'it is not possible to transfer huge amounts of cash/assets without additional checks and balances' would simply stop most of this crime. But that requires centralization. (Google is also bad, and getting worse, I now double check download urls for tools via secondary sources and half the time also virustotal the exe files. But im paranoid).

[–] [email protected] 8 points 5 months ago (1 children)

But crypto is centralized XD Who pushes the commits? Who builds the binaries? The ledger may be distributed but it’s still all controlled by a centralized entity - the developers.

[–] [email protected] 9 points 5 months ago

Developers with even less oversight than the democratic/economic process. It gets worse when you take into account the people running all the servers/miners etc.