The quality of discourse at this stage of the thread (2 hours, 20 comments) is incredibly disappointing. Hn usually has high quality discussions. What is it about crypto that causes us to lose our minds?
Your own comment adds nothing.
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
#82The quality of discourse at this stage of the thread (2 hours, 20 comments) is incredibly disappointing. Hn usually has high quality discussions. What is it about crypto that causes us to lose our minds?
I take issue with something about crypto "causes us to lose our minds?". Couple points: 1. At this stage of the game, there is not a lot new under the sun to discuss that is likely to alter people's opinions. I would say that I did think there were some good comments in some of the other posts about what constitutes a security by the legal definition, and helped me understand better the specific points of the SEC's a…
Which boils down to the fact that it's entirely rational to be negative about crypto.
Crypto is interesting as a kind of libertarian pseudo-oppositional secular religion that flatters itself that it's edgy and non-conformist but is actually dead-centre mainstream in a capitalist culture with consistent shades of criminality dedicated to making money at any cost.
Re: SEC asks for emergency order to freeze Binance US assets anywhere in the world
#83Earlier quoted context omitted.
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?
> Where are these mystical things that function because of crypto that wouldn't function with
that's not my standard.
cater to a market because the market exists.
there are many people in the crypto space now and they have frictions and pay to reduce those frictions, and are not defrauded in the process.
its just too late to care about your standard. you can search for it if you want, but its at the expense of so many other opportunities that have nothing to do with fraud.
its the entertainment sector, its the collectibles sector, its the financial services sector..... and the crux of most arguments and moving goalposts are that all those sectors in aggregate are worth zero when crypto is involved (or that crypto is worth zero because you're not the market for any of those sectors? lol? its a paradoxical antiquated argument)
when the only trend is that crypto-versions just begin catering to even more sectors and pulling in those audiences, or crypto-natives begin being interested in those sectors.
Re: SEC asks for emergency order to freeze Binance US assets anywhere in the world
#84The quality of discourse at this stage of the thread (2 hours, 20 comments) is incredibly disappointing. Hn usually has high quality discussions. What is it about crypto that causes us to lose our minds?
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Re: SEC asks for emergency order to freeze Binance US assets anywhere in the world
#85Re: SEC asks for emergency order to freeze Binance US assets anywhere in the world
#86I'm perplexed that BTC's price dropped 5% yesterday and bounced right back today. How does the market not care that the biggest exchanges keep collapsing?
Binance collapsed???
Re: SEC asks for emergency order to freeze Binance US assets anywhere in the world
#87The quality of discourse at this stage of the thread (2 hours, 20 comments) is incredibly disappointing. Hn usually has high quality discussions. What is it about crypto that causes us to lose our minds?
it's not because you disagree with them that the quality is bad. Saying that crypto is very heavily linked to scams is an empirical fact at this point
Re: SEC asks for emergency order to freeze Binance US assets anywhere in the world
#88The quality of discourse at this stage of the thread (2 hours, 20 comments) is incredibly disappointing. Hn usually has high quality discussions. What is it about crypto that causes us to lose our minds?
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Counterview: those who made gobs of money who transpose that outcome to "gosh, crypto must be great and I don't know why everyone is bashing it so much".
Lots of older generations felt that way about housing price increases as well -- are they right too?
Re: SEC asks for emergency order to freeze Binance US assets anywhere in the world
#89The quality of discourse at this stage of the thread (2 hours, 20 comments) is incredibly disappointing. Hn usually has high quality discussions. What is it about crypto that causes us to lose our minds?
I take issue with something about crypto "causes us to lose our minds?". Couple points: 1. At this stage of the game, there is not a lot new under the sun to discuss that is likely to alter people's opinions. I would say that I did think there were some good comments in some of the other posts about what constitutes a security by the legal definition, and helped me understand better the specific points of the SEC's a…
All I know is I gambled away more BTC than Elon Musk is worth in today's dollars, so there is that. Instead of being a trillionaire I am broke because of gambling.