Very cool project, AI is definitely going to transform religion and make it far more relatable and understandable. If anyone is interested, we released Noah's Bible that has full ChatGPT integration. You can click on any verse and get a full summary and chat about any verse.
One thing we also added is imagery, generated by AI, which gives the Bible imagery that most text based bibles do not have.
I got this email and I went to sign in and my account is gone even though the email said I have 90 days. I guess they deleted everything and all my Behance data as well.
I agree with the fact it's a CEX but he isn't wrong about people trusting a financial institution in the Bahamas and expecting the US Gov to do something now.
This isn't crypto. This is a centralized exchange with a centralized website, with centralized databases, that is run and controlled by humans. In fact, if you use a centralized exchange there is no use of blockchain for the most part.
There's a literal saying, "Not your keys, not your coins". Only if people would listen.
> There's a literal saying, "Not your keys, not your coins".
Doesn't that also legitimatize a hack then? If someone hacks or steals your keys, you can't then turn around and say "but wait, those aren't your keys".
Yes, it does, but some of us actually consider this to be a feature.
The issue with reversibility is that it’s not just reversibility - it’s also the power for the authorities to take your assets from you.
The question isn’t “do you want to be able to get your money back after it was stolen”, it’s really, “do you want the powers that be to be able to decide whose money it is.” We’ve been lucky to live in a world where “yes” is a reasonable answer. But there’s no guarantee that it’ll stay that way. And crypto is insurance against that possible change.
In what way is crypto an insurance there? Typically, ruthless regimes are good at separating you from your assets. I don't see any of the typical methods not working with crypto.
It's really only an insurance against marginally bad situations and there lots of other things work equally well.
To be clear, "crypto" is just a book that says these individuals own however many tokens. It doesn't guarantee that anyone will abide by what the books says. It doesn't guarantee that nobody will take your real wealth from you by force.
Crypto obviously has its disadvantages, hacks being one. There could be major UX improvements to crypto that would aid in reducing hacks and increasing security.
But either way, it's a tradeoff and that's fine. TradFi is reversible and centralized, crypto is not. Sometimes you want one thing, sometimes you want the other.
I like having part of my assets in a way that can't be frozen, like the people that protested in Canada whose banks accounts were frozen.
The exchange is a component of crypto, as an industry. Imagine defending social media but shitting on Facebook. To use your words to try and make your argument:
This isn't social media. This is Facebook with a centralized website, with centralized databases, that is run and controlled by humans. In fact, if you use a Facebook there is no use of social media for the most part.
There's a literal saying, "not paying for it, you're the proruct". Only if people would listen.
> Imagine defending social media but shitting on Facebook.
I see no contradiction on shitting on facebook while defending say Mastodon. In fact people were doing this with twitter just a few days ago before $current_thing happened.
You're right that a lot of the risks are due to holding in a central website. But cryptocurrency in a central website is more risky than fiat in a central website, because if a central website gets hacked and the hackers steal fiat, generally those transactions will be reversed, whereas if the hackers steal cryptocurrency, generally those can't be reversed.
I am going to go out on a limb here and say you have not moved any significant amount of money around, especially internationally. Trying moving $250,000, between the paperwork, back and forth, fees, it is a nightmare.
If you want to legally move the money you still need to do paperwork and pay fees, as well as the additional slippage from introducing a third currency.
You really do not with Bitcoin. If there are local regulations with declaration, sure. But the fees are dramatically lower to move the funds than using banks.
For our purposes (and most businesses), those are marginal improvements. And there's absolutely no way the very significant risks involved with handling cryptocurrency are worth it to us.
And you lose the right to effect any chargebacks if any errors happen anywhere in the process, including mistyping the receiver address. I would happily pay 0.04% for such a powerful insurance.
Btw, this game reminds me of BBS door games. Great stuff.