> This is one of the biggest flaws in crypto. Small errors can erode hundreds of millions of value.
That's reality.
Same thing would have happened if they had put all that cash on a boat, and accidentally sunk it.
That's reality.
Same thing would have happened if they had put all that cash on a boat, and accidentally sunk it.
The normal banking industry is operating chainsaws very cautiously, with a lot of safety equipment and training. The cryptocurrency industry may be operating the same chainsaws, but they're trying to juggle them naked, on a floor slick with the blood of their peers.
Are you saying that it is impossible to get valuables out of a boat that sunk?
"Treasure trove of gold and jewels recovered from a 366-year-old shipwreck in the Bahamas"
If you'd prefer you can throw your gold bullion into a volcano, or perhaps mix it in with radioactive fuel.
But there were a few instances in WW2 where large amounts of value had to be transferred by boat, and in at least one case sunk by enemy action. HMS Edinburgh: https://www.warhistoryonline.com/instant-articles/hms-edinbu...