Earlier quoted context omitted.
> skeptical of yield products Yield products aren't the problem, they're a symptom. The problem is wanting to buy something that has no value and hoping to sell it to someone else who in turn is also hoping to sell it to someone else even higher. Bitcoin, NFT, yield products, etc, they're all manifestations of the same thing.
You just described basically the entirety of finance
Bulgarian law enforcement raids offices of cryptocurrency firm Nexo
121–130 of 136 posts
Re: Bulgarian law enforcement raids offices of cryptocurrency firm Nexo
#122> She said that investigators had proof that a Nexo client, who used the company’s platform to transfer cryptocurrencies, was a person officially designated as financing terrorism, but gave no further details. All crypto is some form of crime, money laundering, evading sanctions, funding terrorism, or just a ponzi scheme, it's just different sides of the same thing. I wish this space would totally collapse. Maybe if…
To be fair, crypto was the easiest option when I ordered some stuff from Russia, so score one to it.
Re: Bulgarian law enforcement raids offices of cryptocurrency firm Nexo
#123Earlier quoted context omitted.
Shady. Willing to be paid in strange currencies deposited in overseas banks. Likely to have tax troubles one day. Knows how to buy a plane ticket using cash. Strong opinions on Krugerrand valuation. Owns a motorcycle without an odometer. Bought a house with a series of 9,999$ travelers checks. More likely to install a Kim Dotcom-type panic room than run for public office.
Out of curiosity: why motorcycle without odomet?
I think this is easier with bikes because there's more repair culture and more off-roading. Off-road bikes generally have all non-essentials stripped and left in a box, blinkers, odometer, fancy fenders...
Re: Bulgarian law enforcement raids offices of cryptocurrency firm Nexo
#124Earlier quoted context omitted.
Disruptive product-oriented technologist, with a mind for optimizing customer-business needs.
Shady. Willing to be paid in strange currencies deposited in overseas banks. Likely to have tax troubles one day. Knows how to buy a plane ticket using cash. Strong opinions on Krugerrand valuation. Owns a motorcycle without an odometer. Bought a house with a series of 9,999$ travelers checks. More likely to install a Kim Dotcom-type panic room than run for public office.
> Willing to be paid in strange currencies deposited in overseas banks.
I'd need a more concrete definition for 'strange currencies', but discriminatory behaviour shouldn't be applied to anyone that has an account overseas, especially in the age of global banking & cross-border payments.
> Likely to have tax troubles one day.
On the one hand, this will definitely happen: Internationally-acquired income often subsequently leads to poor tax handling, especially if the individual involved is unfamiliar with the intricacies of filing taxes for such sources of income.
However, it is also a consequence of overlapping jurisdictions & law enforcement, with unified, clear & unambiguous definitions being the exception rather than the norm.
> Knows how to buy a plane ticket using cash.
Why is using cash a problematic behaviour now? Just because I still use cash doesn't mean that I should be classified as 'shady'.
> Strong opinions on Krugerrand valuation.
Tried to search this & only found references to the gold coin with the same name. As similarly stated beforehand, why is being a goldbug now 'shady'?
> Owns a motorcycle without an odometer.
...I can see why: An odometer, coupled with the motorcycle's purchase histories, is a good way of finding out the roads that a person used to travel on with some reliability.
> Bought a house with a series of 9,999$ travelers checks.
Same as the plane ticket: The large denomination will raise eyebrows, but it shouldn't be used as a marker for discrimination.
> More likely to install a Kim Dotcom-type panic room than run for public office.
...This is similar to the odometer-less motorcycle: The individual wanting to install a panic room is likely someone that's thinking about worst case scenarios, & planning with that in mind.
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All of the listed "shady" traits stem from a core: Paranoia, specifically paranoia of a malicious State. More generally, it's the fear that the State will use the information it gathered about a person for unwarranted surveillance & eventually prosecution over the slightest infractions.
In earnest: Why is paranoia suddenly a "shady" thing?
Re: Bulgarian law enforcement raids offices of cryptocurrency firm Nexo
#125[flagged]
financing terrorism (most likely related to the Russian/Ukrainian war as this is a conventional war, what do you mean financing terrorism? was he financing russia or ukraine?
Re: Bulgarian law enforcement raids offices of cryptocurrency firm Nexo
#126Re: Bulgarian law enforcement raids offices of cryptocurrency firm Nexo
#127Earlier quoted context omitted.
financing terrorism (most likely related to the Russian/Ukrainian war as this is a conventional war, what do you mean financing terrorism? was he financing russia or ukraine?
You're mistaking insurgency for terrorism. This is referring to Russia terrorizing the civilian population of Ukraine by systematically attacking purely civilian targets.
Re: Bulgarian law enforcement raids offices of cryptocurrency firm Nexo
#128Earlier quoted context omitted.
You're mistaking insurgency for terrorism. This is referring to Russia terrorizing the civilian population of Ukraine by systematically attacking purely civilian targets.
Didn't America do the same in Iraq? In fact, the first thing America did there was to destroy civilian infrastructure.
Re: Bulgarian law enforcement raids offices of cryptocurrency firm Nexo
#129Earlier quoted context omitted.
Didn't America do the same in Iraq? In fact, the first thing America did there was to destroy civilian infrastructure.
We're not only talking about infrastructure. We're also talking about wholesale killing of civilians. And, if someone else does it, does that change what it is? Terrorism does not have an ambiguous definition.
Re: Bulgarian law enforcement raids offices of cryptocurrency firm Nexo
#130Earlier quoted context omitted.
Didn't America do the same in Iraq? In fact, the first thing America did there was to destroy civilian infrastructure.
We're not only talking about infrastructure. We're also talking about wholesale killing of civilians. And, if someone else does it, does that change what it is? Terrorism does not have an ambiguous definition.