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Earlier quoted context omitted.
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.
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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.
Crypto: Going from banking the unbanked to unbanking the banked!
Crypto: Going from banking the unbanked to unbanking the banked!
Binance is not a cryptocurrency. Binance is a centralized service which allows people to buy cryptocurrencies, but which is not strictly necessary to use in order to use cryptocurrencies. People can use decentralized exchanges like Bisq if they want to avoid these issues. EDIT: Remember how Hackernews was supposed to be a community which has a focus on software development, and thus finding technical solutions to pro…
and linux is gnu/linux
.... now get off my lawn? dunno
Crypto: Going from banking the unbanked to unbanking the banked!
Binance is not a cryptocurrency. Binance is a centralized service which allows people to buy cryptocurrencies, but which is not strictly necessary to use in order to use cryptocurrencies. People can use decentralized exchanges like Bisq if they want to avoid these issues. EDIT: Remember how Hackernews was supposed to be a community which has a focus on software development, and thus finding technical solutions to pro…
Crypto: Going from banking the unbanked to unbanking the banked!
Most definitely. SVB had $3B+ of Circle’s deposits for USDC. Just covered dollar for dollar by the US Taxpayers. Can sell all those underwater bonds at face value while the taxpayers issue new bonds at 5%. Crypto just unbanked the banked with the help of the US Gov.
> No losses associated with the resolution of Silicon Valley Bank will be borne by the taxpayer... Any losses to the Deposit Insurance Fund to support uninsured depositors will be recovered by a special assessment on banks, as required by law.
Crypto: Going from banking the unbanked to unbanking the banked!
Binance is not a cryptocurrency. Binance is a centralized service which allows people to buy cryptocurrencies, but which is not strictly necessary to use in order to use cryptocurrencies. People can use decentralized exchanges like Bisq if they want to avoid these issues. EDIT: Remember how Hackernews was supposed to be a community which has a focus on software development, and thus finding technical solutions to pro…
The moment general population became aware of "bitcoin" as "something you can buy that'll get more expensive", the whole technology and ideals behind it were overshadowed by speculative investors.
Earlier quoted context omitted.
Binance is not a cryptocurrency. Binance is a centralized service which allows people to buy cryptocurrencies, but which is not strictly necessary to use in order to use cryptocurrencies. People can use decentralized exchanges like Bisq if they want to avoid these issues. EDIT: Remember how Hackernews was supposed to be a community which has a focus on software development, and thus finding technical solutions to pro…
Grocery stores aren’t necessary - you can grow your own food, dentists aren’t necessary - you can pull your own teeth, etc. It just seems like many people use exchanges and that’s what (at least partially) crypto is now.
Hence it does not seem logical to go to a "grow your own food" subthread and wonder why it makes a point about store-bought food not being grown at home.
As with all things in life, a golden rule applies:
If you don't like it then don't use it, that's ok!
Earlier quoted context omitted.
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.
LoL - profits are because they're geniuses - losses are because other people are dumb. That's speculation 101.