Hacker News new | past | comments | ask | show | jobs | submit login

[flagged]



So what happens when a mistake happens on the blockchain?

>The fiat money that you hold is being constantly diluted without your knowledge

I think most people here are aware of inflation


>> So what happens when a mistake happens on the blockchain?

Most popular Blockchains haven't had any major issues in years. Some projects have had bugs which lead to the network stopping for a few minutes but no lost funds.

>> I think most people here are aware of inflation

How much new money did the Fed inject into the US economy in the last decade?

According to some sources, at least 9 trillion. https://money.cnn.com/2016/09/08/news/economy/central-banks-...

Based on the constantly growing corporate sector, we know who ended up with most of that money: Big corporations and their shareholders.

They got most of that money by locking other people out of opportunities. That is the primary business of corporations today; monopolizing financial channels where the money flows easily and letting hard working individuals fight for the scraps.


I don't mean the blockchains, I mean the users. What if someone makes a typo?

I'm not a part of the US economy though.


You left out the part where the rich elites all know that the earth is actually flat.




Join us for AI Startup School this June 16-17 in San Francisco!

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: