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Cake day: June 10th, 2023

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  • “no reason”? if the alternative to a hand or arm amputation is death, yeah, i’m gonna choose a hand amputation.

    that’s what our alternative is in your analogy. remember the US is highly polarized right now, so one (sane) group taking over the US govt is likely impossible, and even if successful would end up in a massive civil war. that would not only destroy life in the US for the foreseeable future, but the entire global economy and geopolitical equilibrium.

















  • The whole point of cryptocurrency is decentralized ownership. That’s the big breakthrough in technology, it’s the whole point of it, I can try to ELI5 how that works if you want to, but for the moment I’m just going to assume you accept that cryptocurrency can demonstrate ownership.

    How does ownership of those tokens transfers to ownership of something else? Well, that’s an excellent question, and the answer is that it happens in the same way that a piece of paper grants ownership of a house. There’s no innovative technology behind that piece of paper, but still everyone would agree that it grants ownership, and the reason is that the authority that enforces that chose to respect that piece of paper.

    So NFTs are not inherently proof of ownership as the person above said. The general concept of owning crypto (which no one is questioning here) is a very different topic than using NFTs as proof of ownership of literally anything else.