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jjwtieke

Just another example of how useless crypto is.

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rm -rf /

Whoops, I lost everything! Computers are useless.

You can recover from that by restoring from backups.

In the crypto world all changes are permanent and immutable.

There is no recourse.

That’s the difference.

But there is, even in cases like this. Circle could issue new USDC for example. No technical barrier to a remedy like that.

I mean that won't work, because --preserve-root is on by default. In the same way, eventually crypto may acquire the same checks and balances that other industries have, but it'll take a lot of costly mistakes to get to that point.

Preserve root exists now, but it didn’t exist in the past.

That's my point. This is the early days for crypto too. I'm not a fan of crypto, but it's clearly going to learn from these mistakes and develop the same kind of safety guarantees over time.

I mean look at online banking - in the UK it's only in the last few _years_ that we've been required to do 2fa when buying things online. The earliest online banks didn't even have 2fa to log in and move money around, and at some point HTTPS didn't even exist so everything was sent in plaintext. SMS is still mostly plaintext. Things evolve.

-> How useless SOL is

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