Bitcoin. It can easily be confirmed as valid (zero chance of counterfeit), and i... | Hacker News

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joedavison on Sept 3, 2022 | parent | context | favorite | on: The optimal amount of fraud is non-zero

Bitcoin. It can easily be confirmed as valid (zero chance of counterfeit), and is otherwise a bearer instrument with no further settlement, and impossible to reverse (like cash).

ajanuary on Sept 3, 2022 [–]

Ah yes, and there’s a 0% rate of peoples wallets being stolen.

joedavison on Sept 3, 2022 | [–]

You are talking about simple theft, not fraud. Theft is always possible. Fraud is not possible with bitcoin. Not sure why I was downvoted.

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