DeepSeek launched a free, open-source large-language model in late December, claiming it was developed in just two months at a cost of under $6 million.
I am not taking about money being held, I talking about regulations and horrible banks not technology. Yes, the current technology allows you instant transfer, but it still depends on the bank. For example some banks allow free international transfers while others require a small fee, some banks you can do the transfer online while others you have to go to the branch in person. You don’t have to go through a bank with crypto, sometimes it is faster and it is definitely more private.
At it’s core the block chain encourages verification. doing extra steps to maintain privacy is not the same as system that is private. It’s like saying cell phones are private if you buy a burner phone with cash. Technically well but not by design.
Big money is being held because of anti-money laundering, not because of technology.
Money is held so that interest can be earned on the float.
I am not taking about money being held, I talking about regulations and horrible banks not technology. Yes, the current technology allows you instant transfer, but it still depends on the bank. For example some banks allow free international transfers while others require a small fee, some banks you can do the transfer online while others you have to go to the branch in person. You don’t have to go through a bank with crypto, sometimes it is faster and it is definitely more private.
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The data on the blockchain is not private.
However data can be encrypted before it hits the blockchain and it can also be cryptographicly manipulated in ways that remain private.
At it’s core the block chain encourages verification. doing extra steps to maintain privacy is not the same as system that is private. It’s like saying cell phones are private if you buy a burner phone with cash. Technically well but not by design.
Agreed. Privacy on the blockchain is an optional extra. On newer generations the option exists by design.
Look up Monero, it is a crytpo currency that as far as I know no one has been able to trace.