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1) They are pretty small for most cryptocurrencies.

2) This is false if you understand that Visa/MC do not settle instantly, rather 24-48 hours down the line and their instantaneous consumer network is not identical to that settlement layer. Similar to BTC's blockchain + Lightning network.

3) This is not really a thing outside of Ethereum, but yes, it was a very bad decision.

4) There are plenty of frauds using USD. Way more than BTC. Like, a lot.

5) I'm not sure what this random bit of racism against China has anything to do with anything, but the network's locations of nodes doesn't have much to do with nationality preference.




To clarify: Ethereum didn’t roll back any legitimate transactions (or any transactions at all) when restoring the DAO funds, which conflicts with the original #3 point you responded to.


Having the dev of the network reversing transactions makes a mockery of “decentralized” and “trust-less”.

More hilariously is that there is a branch of Ethereum that still contains the DAO hack transactions, Ethereum Classic . It’s generally assumed that that branch is run by the DAO hacker, which is kind of hilarious to me.




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