Comment by hangrybear666
14 hours ago
Yeah apparently it's news in 2026 that banks can actually keep their assets secure in comparison to the web3 clown fiesta. Of course banks do get compromised but not anywhere close to this degree.
14 hours ago
Yeah apparently it's news in 2026 that banks can actually keep their assets secure in comparison to the web3 clown fiesta. Of course banks do get compromised but not anywhere close to this degree.
Bits about money explains why: the (normal) financial system is slow for a reason: if a bank suddenly tries to transfer 5.6B all other banks will call their contact for confirmation and then take 2 business days to process the transaction, more or less.
Stealing anything is easy, escaping and converting to cash is the hard bit, and crypto makes it easy to vanish with your money in literal seconds.