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twox2

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IMO, I think the way he was publicly lambasted and fired was punishment enough. Not to mention that shortly after, people were calling for him to return to OpenSea, because they were struggling without him for a hot minute.

I agree what he did was stupid and wrong, but I think he's the wrong person for the DOJ to throw the book at. They are only targeting him, because this was low hanging fruit due to the public outcry around this incident.

Yes, that's what I'm saying. Also, cost of doing business goes up because and margins go down due to ransom payments that fall through the cracks, so according to the laws of capitalism -> ransom payments go up.

If crypto disappears today, ransoms will still be prevalent, but will be much higher as they will be more difficult to pay. It's not a new incentive at all, it just opened up the ease of payment.

I see. I think it's possible. If there's a catastrophic event that nukes everything, it's certainly possible to restore from a prior state... or even multiple prior states. You would effectively get a fork or multiple forks and then the ones that folks decide to use en massed would become the dominant chain. It's happened already when there have been disagreements in how to scale protocols, or even in the case of a pseudo-catastrophic event like the DAO hack on ethereum.

I'm not learned enough to answer question 1... but I don't think the fiat system is fully resistant against catastrophic black swan events either.

As for question 2 - it depends on which blockchain and which use case. Blockchain does not need to replace Visa in it's entirety in order to add value.

That's so frustrating. I'm in NYC and had a crappy experience shopping for cars as the pandemic was taking off. The dealers seems dis-interested, but they would certainly sell a car for their asking price. I ultimately ended up going with a cheap old used car that I bought directly from the previous owner. If I get to a point where I want a new car, I think I'll just order it.