Once again the use-case for crypto turns out to be... large scale criminality and fraud. Shocker.
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SEC asks for emergency order to freeze Binance US assets anywhere in the world
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Re: SEC asks for emergency order to freeze Binance US assets anywhere in the world
#12Earlier quoted context omitted.
“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.
everyone goes through a disillusionment phase with crypto
from my perspective, there is simply a lack of coverage of things that function without incident, which are very numerous and solve frictions for a lot of people, whether you’re in the market for that or not
like construction sites that showed “how many days since an incident”, because people only heard about the incidents
Re: SEC asks for emergency order to freeze Binance US assets anywhere in the world
#13Earlier quoted context omitted.
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.
everyone goes through a disillusionment phase with crypto from my perspective, there is simply a lack of coverage of things that function without incident, which are very numerous and solve frictions for a lot of people, whether you’re in the market for that or not like construction sites that showed “how many days since an incident”, because people only heard about the incidents
Where are these mystical things that function because of crypto that wouldn't function with regular money, and which also are not fraud?
Re: SEC asks for emergency order to freeze Binance US assets anywhere in the world
#14Once 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
It's "the" use case because of the scale. There are all kinds of niche use cases that constitute $0 billion of turnover, and thus don't contest that fraud is the use case.
Re: SEC asks for emergency order to freeze Binance US assets anywhere in the world
#15Re: SEC asks for emergency order to freeze Binance US assets anywhere in the world
#16Once again the use-case for crypto turns out to be... large scale criminality and fraud. Shocker.
Crypto is also good as a form of market speculation and to make gaming GPUs too expensive for gamers. Don’t sell it short!
Re: SEC asks for emergency order to freeze Binance US assets anywhere in the world
#17Re: SEC asks for emergency order to freeze Binance US assets anywhere in the world
#18Earlier quoted context omitted.
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.
everyone goes through a disillusionment phase with crypto from my perspective, there is simply a lack of coverage of things that function without incident, which are very numerous and solve frictions for a lot of people, whether you’re in the market for that or not like construction sites that showed “how many days since an incident”, because people only heard about the incidents
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Re: SEC asks for emergency order to freeze Binance US assets anywhere in the world
#19Re: SEC asks for emergency order to freeze Binance US assets anywhere in the world
#20[deleted]