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Maybe if there was transparent ledger which everyone can check online. Maybe if there was some sort of distributed consensus to stop this.

• arcticbull 4y ago
  You know the ledger doesn't track transactions at centralized exchanges (where the overwhelming majority of transactions actually happen), right? It also doesn't track offline transactions where you transfer the wallet keys instead of the coins on chain.
  • eudoxus 4y ago
    This is where projects should be more strict about operating (in some sense) as a DAO, with transparent voting and resourec/fund allocation based on proposals. Even if its a "centralized" single organization like Terra Labs or the Luna Foundation. Seems silly to advocate for the future of finance and the trustless verifiable web, when the projects building on it still use traditional corporate mechanics and the veil to go along with it. EDIT: DOA/DAO typo*
  • jiveturkey 4y ago
    You know that was exactly the point the parent was making?
  • dropnerd 4y ago
    radical idea- cex balances should be public and linked to deposit and withdrawal addresses