71–80 of 350 posts
While this article covers an interesting topic, the title is clearly an attempt to bandwagon on the "Tether is next" narrative while contributing nothing substantial to the conversation
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> Crypto has attracted almost every type of criminal under the sun This is actually quite a profound statement. Is there actually anything in human history that can come close to rivalling this ? We have everyone from teens promoting shitcoins on TikTok, to household celebrities like Matt Damon, to white collar criminals, to arguably VCs, all the way to nation states like Iran and North Korea.
I would give a pass to any celebrity that was paid to be in advertisements. They are paid to make an appearance and say lines convincingly. We don't have written accounts of the tulip craze but I would imagine there were a lot of nefarious activities underway then. This is more global and the movement of money is transparent but anonymous in some ways. I think a hard part for a criminal enterprise like a drug cartel…
I disagree. It's super weird that we accept "well I was just doing it for the money" as an excuse from people who are often already insanely wealthy.
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Sure, I’m not stupid. I would turn around and sell it to some other fool. And thats the problem. There is honestly no price I could buy it at where I would be willing to hold.
>There is honestly no price I could buy it at where I would be willing to hold. Really no price? Even given the opportunity to buy at $10, you still wouldn't hold?
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The western United States was pretty wild for a while until it was "tamed"
Incorrect. There was less violence overall in the wild west. Modern America has insane violence at much larger scales (inner city gang violence in Chicago, millions of civilians killed over the past 2 decades via Iraq, Drone programs, etc). The wild west was only wild because Hollywood needed a narrative.
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Crypto has attracted almost every type of criminal under the sun, to the detriment of 'regular' people who got conned into this stuff and is now left holding the bags. That German saying is on point and really sad.
> Crypto has attracted almost every type of criminal under the sun This is actually quite a profound statement. Is there actually anything in human history that can come close to rivalling this ? We have everyone from teens promoting shitcoins on TikTok, to household celebrities like Matt Damon, to white collar criminals, to arguably VCs, all the way to nation states like Iran and North Korea.
look up https://en.wikipedia.org/wiki/Wildcat_banking it's kind of an interesting period in finance that got kind of forgotten as it did not exactly end well.
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Sure, I’m not stupid. I would turn around and sell it to some other fool. And thats the problem. There is honestly no price I could buy it at where I would be willing to hold.
>There is honestly no price I could buy it at where I would be willing to hold. Really no price? Even given the opportunity to buy at $10, you still wouldn't hold?
It's incredible that SBF was being touted by Sequoia, WEF, Fortune, chumming it up with Clinton and Blair in the Bahamas, getting meetings and kid glove treatment with the SEC, relatively glowing profile as a "do-gooder" by the NYT. All while FTX had a Chief Regulatory Officer who was basically a career white-collar criminal. It beggars belief that anyone who dug half an inch into this story wouldn't have seen 90,000…
Wait, wasn't the NYT supposed to take a very critical look at everything in "tech", as a matter of editorial policy? Why were they giving such a glowing (no pun intended!) endorsement of crypto, of all things? Something doesn't add up here.
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https://www.ft.com/content/428c7800-c72d-4c59-9940-4376fea6e... > Sam Bankman-Fried stormed on to the US political scene with multimillion-dollar donations that led lawmakers, particularly Democrats, to believe he was ushering in the next generation of donors. But in a matter of days, his business empire collapsed into bankruptcy and the prospect of millions more in donations evaporated. https://fortune.com/2022/11/1…
Sorry, why is this comment relevant to the parent? Because he donated money to Democrats it makes people still want to invest in cryptos, is that the message?
If you want to complain about BTC, complain about BTC. FTX was not BTC.
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The western United States was pretty wild for a while until it was "tamed"
Incorrect. There was less violence overall in the wild west. Modern America has insane violence at much larger scales (inner city gang violence in Chicago, millions of civilians killed over the past 2 decades via Iraq, Drone programs, etc). The wild west was only wild because Hollywood needed a narrative.
[1] https://blogs.berkeley.edu/2010/06/16/a-crime-puzzle-violent...
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Incorrect. There was less violence overall in the wild west. Modern America has insane violence at much larger scales (inner city gang violence in Chicago, millions of civilians killed over the past 2 decades via Iraq, Drone programs, etc). The wild west was only wild because Hollywood needed a narrative.
You shouldn't be down voted, this is largely correct. High rates of violence in the "wild west" are a myth created by Hollywood. https://www.sup.org/books/title/?id=6182