Viewing profile — hnthrow1010

>That's not the case for every country on the planet It's not helping there either. Countries where the economy is strictly controlled by the government, like North Korea, are main…

Transactions and storage of money are already decentralized, through the traditional finance system that connects at least thousands of banks and payment processors and other finan…

>Your favourite castle is motte and bailey? Less of this, please. Obviously, not everyone into crypto and defi says those exact words. But there are enough saying that type of thin…

I really don't think you want to continue the discussion in the direction of "what's wrong crime A and crime B", that'll get off the rails very quickly.

By association, yes. All cryptocurrency and "defi" ostensibly has that goal. What is it exactly you think they're trying to "decentralize"?

If they're smart, they wouldn't admit to it publicly. But do you not remember the early history of Bitcoin, and the Silk Road? Nothing's changed since then, except some people got …

When the "artists" have been openly and shamelessly stating, since around 2009, that the entire purpose of their "art" is to aid in laundering money and other crimes? Yes, absolute…

Basically, the "sanction preventions" Aave is instituting are for show only, in hopes they fool the regulators. They'll annoy and disturb the casual crypto trader but will do nothi…

Sorry but I try to avoid dumping huge amounts of information on people in every comment, that often doesn't go down well either if you can imagine. If you want more I'll elaborate.…

No, there are no other real applications for these mixers. The only reason you even need to do that on a public blockchain is because the design of them is so bad that there's no o…

Are you making software that has the explicit stated purpose of facilitating illegal money laundering, like these crypto mixers openly say they do? If not, then you don't have anyt…

>Exfiltrating money from foreign regimes, etc. Crypto isn't useful for that. The thing that's actually useful for that is the illegal, unregulated exchange that's making the trade.…

If you ask me, they should all be shut down for selling unregistered securities, because all crypto tokens fit closest to that definition more than anything else. It's impossible f…

>company that explicitly competes with According to some crypto promoters I've seen on Twitter, blockchain is apparently the solution to everything and will revolutionize every ind…

Ok, thanks. I get what you mean, but English language diffs can easily be falsified with a thesaurus :) A better analogy might be that every comment should be like a unique algorit…

But for the average crypto investor who isn't a whale and isn't insider trading on the whales, the dynamics of the market are effectively just random. This isn't like a stock where…

>I am quite hopeful that the ability for governments to extract wealth is limited greatly by the rise of crypto I described a situation where this wouldn't happen though. >If the g…

Ok, you can think that, but there's still no explanation here as to why they can't do it. You should read some other comments further down in the thread, like this one: https://new…

That would be disastrous for anyone who has a debt to repay.

I don't have time to listen to this podcast (I'll read a transcript if you have it) but just to respond to your comment: I've never seen the question of what happens after a societ…

I've never seen any reasonable explanation for that to be true. Crypto is very easy to censor, just ban the exchanges. Or if the government is really nasty, shut down the national …

>You're so against people hoarding, i.e. saving money? The problem with this kind of system: It's not just about saving. What's actually happening is those who have saved more are …

But if you could pay them in USD or pesos, you would? Can't you see how the government would take an issue with that, the very same issue that they have with USD or pesos?

That has nothing to do with bitcoin specifically though. What you're describing is either someone using another currency or using some kind of digital payment system. It doesn't ha…

>The internet did not have to overcome network effects in the same way that cryptocurrency has. This line of thinking is extremely dangerous, even moreso for something that's claim…