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Crypto: Going from banking the unbanked to unbanking the banked!
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> The crypto industry has basically done a speed run of the history of banking and finance over the last decade or so. Does that mean it'll eventually eclipse and live in front of the current timeline of banking, so we'll see banking and finance following the crypto industry at one point, repeating the same mistake that happens in cryptocurrencies?
I think not. Once crypto scammers have retried everything from the history of fiat currency they'll just be in the same boat. But it would be funny if banks started encrypting my files and demanding ransom.
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I didn't know about that. I wonder how much money and/or tokens this is, in what amounts, and whether Binance can prove it (separate from other funds).
It is literally the first result in google. The wallet addresses are linked on this page: https://academy.binance.com/en/glossary/secure-asset-fund-fo...
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I think not. Once crypto scammers have retried everything from the history of fiat currency they'll just be in the same boat. But it would be funny if banks started encrypting my files and demanding ransom.
Ah, it seems you're one of many who confuses "crypto" with cryptography and cryptocurrency. Cryptography is used for encrypting your files, not cryptocurrency. But it's a easy mistake to make so don't feel bad over it.
They're making a jab at a large usage of cryptocurrency: payment for ransomware exploits
This is why British people see all those “did you use Binance product X after Y date?” ads online. There's a bunch of people taking legal action against Binance UK.
Crypto: Going from banking the unbanked to unbanking the banked!
As Taleb said on Balaji Srinivasan's comment on Fed not communicating about the rate increases earlier. If crypto people feel that the losses are because of Fed's actions, then they should also agree that the profits are because of Fed'a actions.
That's speculation 101.