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Molly White Tracks Crypto Scams. It’s Going Just Great

wired.co.uk

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Re: Molly White Tracks Crypto Scams. It’s Going Just Great

#271

Post by splinter_cell »

quickthrowman wrote: post #131
DannyBee wrote: post #18

Earlier quoted context omitted.

I doubt most of tech would appreciate being lumped in with crypto, which should be the first sign that your take is a little off. IE if you think you are just "tech being tech" but lots and lots of tech is like "uh, no, we aren't like you at all, please don't lump us in with you", that should tell you something. Beyond that, your take seems so divorced from reality i'm not even sure where to begin. I don't agree at a…

You are responding to someone who is attempting to replace existing land ownership recording systems with a blockchain based replacement, you aren’t going to persuade them as they are financially and emotionally invested in the success of cryptocurrency. Here is the thread where they talk about it and reject every single problem that others bring up with their blockchain title system. They also lie extensively about…

You really think a parcel of land is available for as little as 7000 gbp? That too apparently beach facing land?

Whats more likely here, there is an error in the website that captures these property transaction details or the person is lying?

Re: Molly White Tracks Crypto Scams. It’s Going Just Great

#272

Post by JohnTHaller »

bhaak wrote: post #112
JumpCrisscross wrote: post #61

Earlier quoted context omitted.

> Hearing "no legitimate use case" arguments is awfully annoying when you get objective use from the thing being criticized Better phrasing would be niche legitimate use cases not worth supporting, at least not domestically, if you’re America, the EU, China, India or Japan.

> Better phrasing would be niche legitimate use cases not worth supporting, at least not domestically, if you’re America, the EU, China, India or Japan. Strong emphasis on "domestically". If you want to send money from one of those entities to another one, it gets hairy quite fast. I remember a time before SEPA and it was horrifying. You can still have horrifying experiences with SEPA today. A German company once req…

For context, the average bitcoin transfer fee is around US$19.20 today.

Re: Molly White Tracks Crypto Scams. It’s Going Just Great

#273

Post by wiredfool »

super256 wrote: post #178
wiredfool wrote: post #102

Earlier quoted context omitted.

Yeah, I don’t know why you’d want to use Swift, as that’s more an international rail. ACH or Wire are the standards inside the US, along with some of the newer proprietary stuff like Zelle.

Wire costs 40€ from my bank which I didn’t want to pay.

But once you're in Wise, you have a US acct/routing number (from Evolve, iirc).

Re: Molly White Tracks Crypto Scams. It’s Going Just Great

#274

Post by gitfan86 »

scottiebarnes wrote: post #94
gitfan86 wrote: post #50

Earlier quoted context omitted.

The USD lost 98% of its value before bitcoin ever existed. The idea that sophisticated investors have been putting their money into USD and need crypto people to explain inflation to them is ridiculous. It is equally ridiculous that crypto people think that having a fixed supply of something makes it valuable. Oceanfront property in Miami is also limited, but crypto people are not pumping that because they are not in…

> The idea that sophisticated investors have been putting their money into USD and need crypto people to explain inflation to them is ridiculous. "Sophisticated investors" never had access to an asset whose supply was predictable (resistant to debasement), but also decentralized and permissionless to participate in. "Sophisticated investors" should probably know their monetary history, including why gold evolved as a…

Sophisticated investors generally do not want "decentralized and permissionless" assets. They want government and legal protections.

Maybe you thing they are wrong for wanting that, because maybe you think the government is a threat to their wealth, and that is fine to have that opinion but the market for "decentralized and permissionless" isn't very big, which is why you don't see much money going into crypto anymore.

Re: Molly White Tracks Crypto Scams. It’s Going Just Great

#275

Post by X6S1x6Okd1st »

ryan_lane wrote: post #260
no_yoo wrote: post #237

Earlier quoted context omitted.

If the US wants to classify it as currency I would be happy to not have to pay the capital gains taxes

You have to pay capital gains when buying and selling between real currencies, you know, right?

What jurisdiction are you talking about?

Re: Molly White Tracks Crypto Scams. It’s Going Just Great

#276

Post by boringg »

EGreg wrote: post #197
boringg wrote: post #160

Earlier quoted context omitted.

I don't understand your logic - you specifically target someone who is highlighting all the scams that is being uncovered in the crypto world. You ask them to come on your show to talk about crypto (generating content for you and increasing your viewership) and then you think that because they aren't interested in helping you out your specific interests that somehow equates to she isn't interested in broad conversati…

I personally don’t need her to “increase our viewership”. Or even post it publicly. Could have a private discussion. Like I had with Ben Shapiro for example, about his “Jews in Name Only” thing. Or with Warren Mosler. As I said, I care about substance. The people who publicly espouse one view day in and day out are some of the best people to discuss with. It’s sad that you think everything is about grift. It’s like h…

My position stays the same - nothing you have said has change my perspective:

1. Airing private conversations in an attempt to make someone look bad isn't the best look especially if you are trying to get other people on your podcast.

2. There are a million reasons not to engage on a podcast - because someone doesn't does not imply any of your viewpoints or mean that they can't have an engaging conversation about it.

3. When I read your comments it looks to me like you wanted to duke it out in a battle about Web3 - someone who doesn't like conflict probably wouldn't want to spend their time doing that.

4. Just saw that Molly responded directly to your claims. As someone who hosts a podcast do your Due Diligence FFS before you spout off.

Re: Molly White Tracks Crypto Scams. It’s Going Just Great

#277

Post by quickthrowman »

splinter_cell wrote: post #271
quickthrowman wrote: post #131

Earlier quoted context omitted.

You are responding to someone who is attempting to replace existing land ownership recording systems with a blockchain based replacement, you aren’t going to persuade them as they are financially and emotionally invested in the success of cryptocurrency. Here is the thread where they talk about it and reject every single problem that others bring up with their blockchain title system. They also lie extensively about…

You really think a parcel of land is available for as little as 7000 gbp? That too apparently beach facing land? Whats more likely here, there is an error in the website that captures these property transaction details or the person is lying?

Yes I do, it is not monetizeable property and has easements across it. How much do you think land that you can’t rent or build on, that also has an easement for a path on it, is worth? You can buy or lease wetlands and desert in the US that have no economic value for very cheap, just like this parcel of land along the sea that has no economic value.

Re: Molly White Tracks Crypto Scams. It’s Going Just Great

#278

Post by topranks »

mattdesl wrote: post #219
JumpCrisscross wrote: post #206

Earlier quoted context omitted.

> current landscape of PoS, applied ZKP, rollup sequencers, stablecoins, and smart contracts are all significant improvements on what existed 10 years ago, and much more practical. To what practical end? I think exploration should continue. But in the academic, not product, space. Crypto has the potential to be toxic. Licensing regimes for potentially-toxic products is highly precedented.

To what end, I’ll just repeat myself: > Having open source protocols that compete with PayPal and VISA and aren’t funded and controlled by central states can be a positive thing. I personally like that there is another choice than just yet-another-centralized-and-cumbersome system.

If you think the centralized options are cumbersome…

Re: Molly White Tracks Crypto Scams. It’s Going Just Great

#279

Post by EamonnMR »

EGreg wrote: post #253
EamonnMR wrote: post #251

Earlier quoted context omitted.

> The societal impact and problems from centralized social networks are documented in many places... But hold up now, is a decentralized social network dependent on a decentralized currency/token/Blockchain? Mastodon for example is a robust decentralized social network has absolutely nothing to do with whatever web2+n you're touting. The idea that you need to rebuild currency in order to build a new kind of social ne…

That depends. Currencies are used for paying each other and accounting for usage. Sites like HN and Reddit have a "currency" like Karma. If Wikipedia operated its own currency, it could reward helpful contributions and make vandalism costly (you'd lose 10-50% of your currency if you were found to have vandalized a page, etc.) You can see a quick overview here: https://intercoin.org/communities.pdf Also, micropayments…

> Sites like HN and Reddit have a "currency" like Karma.

Karma isn't a currency, it's formalized reputation to surface good content and gamify writing good content.

> If Wikipedia operated its own currency, it could reward helpful contributions and make vandalism costly

The transaction scale (Wikipedia has two edits oer second) required would put it out of the reach of a crypto though. A centralized Wikipedia-buck would work just fine. Wikipedia itself is centralized.

> (you'd lose 10-50% of your currency if you were found to have vandalized a page, etc.)

This is exactly the type of thing that Crypto was built to avoid!

> micropayments

Due to scalability problems (ie gas fees) aren't cryptos much better suited to macro payments?

> Perhaps HN is wrong to simply hate the idea of decentralized currencies?

You haven't really shown that decentralized currencies are required for a decentralized social network.

You also haven't shown how your preferred networks will avoid the misaligned incentives that have created human misery out of existing social networks if they're still going to be for-profit (and the presence of a coin certainly suggests a profit motive.)

Re: Molly White Tracks Crypto Scams. It’s Going Just Great

#280

Post by topranks »

shagymoe wrote: post #85
iLoveOncall wrote: post #60

Earlier quoted context omitted.

I send money across borders without blockchain. Without fees. Without having to wait 2 weeks for the transaction to be confirmed.

Really? How? I needed to transfer money from the sale of a property in Europe and the fees + currency conversion was over $1000.

I’d look at wise.com
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