Then the banks have solved the double-spending problem, so in effect there isn't... | Hacker News

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EFreethought on Nov 21, 2022 | parent | context | favorite | on: AWS and Blockchain

Then the banks have solved the double-spending problem, so in effect there isn't one.

I was asking the question because if double-spending has been solved, then why do we need crypto/blockchain?

fabianfabian on Nov 21, 2022 [–]

Sure, if double-spending has been solved for you, you don't need a blockchain. It hasn't been solved for everyone yet though. A great book to learn about this is: Check Your Financial Privilege (https://www.amazon.com/Check-Your-Financial-Privilege-Gladst...)

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