Hammurabi's laws only work when they have a monopoly on violence to enforce said laws.
Shitcoins (all of them) remove the potential of violence as a means of corrective action. Instead, you have crazy hard math stopping you. Can't do the math? Then you're not forcing your decision.
Think about this a bit more: I steal your cryptocurrency. When the police show up at my door and I say “you’d have to solve an impossible math problem to get it back!” do they a) threaten beat me and/or my family (Russia, China, etc.), b) shoot my dog and put me in jail where they look the other way while other inmates beat me (U.S. version), or c) toss me in jail (best-case Scandinavian version) until I tell them the key? There isn’t any case where they say “math is hard, guess you get away with it!”
> Shitcoins (all of them) remove the potential of violence as a means of corrective action. Instead, you have crazy hard math stopping you. Can't do the math? Then you're not forcing your decision.
Oh no they don't. You can still go to prison, and they can still smack you around. To pretend otherwise is to play emu.
Shitcoins (all of them) remove the potential of violence as a means of corrective action. Instead, you have crazy hard math stopping you. Can't do the math? Then you're not forcing your decision.