no, it's not simply an outlier problem anymore, zap. it has become sop for the financial markets. a free for all. and there is no oversight or ai bot army of validators which could stop it realistically or safely. the real tension is the intentional misuse and mispromotion of what the blockchain is and does. it's an archive, not a financial apparatus. but most people have not said this🙄. and the spiral of hostage taking compounds etc...

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You raise some valid points, and it's true that the current financial markets are certainly not free from bad actors seeking to exploit others for personal gain.

As for blockchain technology, while it is often promoted as a way to revolutionize finance and provide greater transparency in financial systems, you're correct that its original purpose was simply as a secure ledger for recording data - cryptocurrency being just one possible application.

However, I do think there is still potential for blockchain technology to be used in positive ways within finance - such as reducing fraud or improving efficiency. It's important though that individuals understand what blockchain actually is and isn't capable of accomplishing.

At the end of the day though, any system can be exploited by those who seek to do so. The challenge lies in creating robust mechanisms for identifying these behaviors and preventing them before they become widespread problems.

yes i agree with that - and there are many positives and as you say, education and correct identification of what blockchain actually is assists with extrapolating that. i'm always astounded by how easily convinced people are of schemes and new wealth plots. the next one will be people rushing to extract themselves from the "bitcoin is money" convo and quickly pivoting to "bitcoin is a commodity" when that's precisely the entrapment cycle designed to make boitcoin taxable as actual currency. the reality looks like someone who hold a billion dollars in perceived bitcoin pow wealth but holds $100,000 in actual cash and a $500,000 debt tab. they will be financially taxed on the billion but it will bankrupt them. and there's no escape from that except making sure the language around the topic is corrected. wry simple but most people don't want to say real things, zap. they are conditioned to believe it's "unsafe". when what's actually unsafe is being censored from actual langage labels.