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685 points jclarkcom | 1 comments | | HN request time: 0s | source
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chaps ◴[] No.45948347[source]
Once did some programming/networking work for a company that did the networking of a office sharing building that Coinbase was running out of. Early in my work there I noticed that the company had its admin passwords written on a whiteboard -- visible from the hallway because they had glass for walls. So I sent them an email to ask that they remove it (I billed them for it).

Their fix was to put a piece of paper over the passwords.

What a time.

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650REDHAIR ◴[] No.45948413[source]
This doesn’t surprise me at all.

Bitcoin, and really fintech as a whole, are beyond reckless.

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KetoManx64 ◴[] No.45948453[source]
Bitcoin is a crypto-currency/blockchain. Coinbase is a corporation that allows users to buy/trade crypto-currencies.

With Bitcoin you do not get government bailouts like what happened with the beyond reckless banks in 2008.

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arcanemachiner ◴[] No.45948733[source]
> With Bitcoin you do not get government bailouts like what happened during the beyond reckless banks in 2008

It is not beyond imagination that the most popular Bitcoin blockchain (and thus, the label of being the "real" Bitcoin) could change at some point in the future.

"Bitcoin" is not immune from the implications of political fuckery.

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KetoManx64 ◴[] No.45948906[source]
Bitcoin has forked a few times it's creation: https://en.wikipedia.org/wiki/List_of_bitcoin_forks The determining factor for which fork is successfully is bases on the Bitcoin node runners and miners choosing which fork they devote their resources to.

Governments around the world are 100% attempting different plans to destabilize or destroy Bitcoin because it harms their interests and ability to print money from thin air. But at the end of the day it's a distributed ledger, so even if they do find a way to manipulate or damage or takeover the network the Bitcoin users can just fork it from before they did their damage and continue from there. That is the ultimate power of a decentralized blockchain, nobody has ultimate power and everyone votes with their resources.

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nradov ◴[] No.45949022[source]
Power comes from the barrel of a gun.
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KetoManx64 ◴[] No.45949387[source]
Yes. That is why the Second Amendment is so important. It reminds those in the government not to overstep their bounds.
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majormajor ◴[] No.45950727[source]
Got some specific recent oversteps that were prevented by armed citizens in mind? Or are you just talking about ancient history or on-paper theory?

The government in the US has far bigger guns than the citizenry these days.

The only thing that will ever prevent a government from abusing its populace is the willingness of actors of the state - police and soldiers - to say no to abusive orders. Independent thinking coupled with believing in the people more than the executive is the only thing that will ever keep us safe. Guns are not defensive tools. The state can shoot you before you shoot them if they decide they don't like what you're doing.

Put guns in the hands of the people you're policing and you just make it that much easier for the police/soldiers/govt sympathizers to make it us-against-them and side with the totalitarians.

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1. stinkbeetle ◴[] No.45953030{3}[source]
> Got some specific recent oversteps that were prevented by armed citizens in mind?

I guess arresting ten thousand people a year for grevious hurting of the feefees with assault tweets is a recently prevented overstep that the citizens of some other countries have not been able to prevent.