SEC asks for emergency order to freeze Binance US assets anywhere in the world

EscapeFromNY wrote: post #6

AISnakeOil wrote: post #2

Not your keys, not your crypto.

Not sure why this is downvoted. It's the official stated position of the SEC. https://youtu.be/hmPpIjfC9DY?t=178

This is HN. Doesn't matter how correct you are - if you say it in form of a meme you'll get downvoted.

Re: SEC asks for emergency order to freeze Binance US assets anywhere in the world

#8

Post by BrandoElFollito » Tue, Jun 06, 2023, 10:02 PM UTC

I may be missing something but where is the "world" in the article?

Re: SEC asks for emergency order to freeze Binance US assets anywhere in the world

#9

Post by yieldcrv » Tue, Jun 06, 2023, 10:14 PM UTC

EA-3167 wrote: post #5

Once again the use-case for crypto turns out to be... large scale criminality and fraud. Shocker.

“a” use case that is indistinguishable and unquantifiable from use cases you respect

which is a major difference from “the” use case

and just a use case for that company, which in any other industry we would talk about the company’s behavior not the entire asset class and industry, I find it disingenuous to have that “use case” auto reply on any article that happens to be about crypto but is really about a company

Re: SEC asks for emergency order to freeze Binance US assets anywhere in the world

#10

Post by EA-3167 » Tue, Jun 06, 2023, 10:18 PM UTC

yieldcrv wrote: post #9

EA-3167 wrote: post #5

Once again the use-case for crypto turns out to be... large scale criminality and fraud. Shocker.

“a” use case that is indistinguishable and unquantifiable from use cases you respect which is a major difference from “the” use case and just a use case for that company, which in any other industry we would talk about the company’s behavior not the entire asset class and industry, I find it disingenuous to have that “use case” auto reply on any article that happens to be about crypto but is really about a company

That was an "ok" argument maybe 5-8 years ago, now there's too much evidence that no legitimate use case exists, and every alleged one turns out to be a fraud or a get-rich-quick scheme.