Earlier quoted context omitted.
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"Have fun staying poor, nocoiner" is probably one reason you see such vocal dislike. The blatant criminality is likely another.
But I'm just a nocoiner, so you know.
Proposed SEC order to freeze, repatriate Binance.US assets
51–60 of 598 posts
Re: Proposed SEC order to freeze, repatriate Binance.US assets
#52[flagged]
Sure.
Re: Proposed SEC order to freeze, repatriate Binance.US assets
#53Re: Proposed SEC order to freeze, repatriate Binance.US assets
#54Earlier quoted context omitted.
Coinbase acts like this because it was founded from day one to serve the US market, and everything that it has done has been to invest millions of dollars a year into complying with US law. Coinbase has only in the past couple months, started expanding internationally so they don't die immediately in case the US regulatory system decides to cannibalize them. Binance acts like this because complying with US law is rid…
> Binance cares most about serving the remaining 95% of humanity that does not live in the US. That totally explains why they put so much effort into catering for US whales.
Yeah, You don't do regular trade with the other 95% without the approval of the United States financial system, yay global hegemony.
Re: Proposed SEC order to freeze, repatriate Binance.US assets
#55Earlier quoted context omitted.
If you can't exchange it for fiat, its USD value is going to decrease - bad. If you can't exchange it, payments that don't use fiat might be developed - good, imo. Why do you think this makes it a net good?
Pretty sure they're referencing the meme that everything is good for bitcoin even when it's very clearly bad.
Few understand.
Re: Proposed SEC order to freeze, repatriate Binance.US assets
#56I'm pretty anti-crypto, but tested the water with Voyager USDC because of the absurd APY. Took my money and ran when Celsius hinted at having issues, luckily. Funnily enough there was some amount, less than a dollar IIRC, left in Voyager when they folded. I received an email telling me it was being taken over by...Binance. Never bothered to login and even check it. Guess it really is scams all the way down.
I know, it was something obscene and obviously marketed toward the greedy. Something like 90-120% of the official inflation rate at the time. How could that even be possible?
Re: Proposed SEC order to freeze, repatriate Binance.US assets
#57Earlier quoted context omitted.
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I've actually thought about this myself, and have come to a couple of somewhat opposing conclusions:
* Crypto is uniquely capitalist and to some extent uniquely exploitative technology. Given how minimally used it appears to be for actually worthwhile things and how many people are getting rugpulled, just how much damage is actually being done, I can see why there are so many people who consider it to occupy its own separate tier of capitalist exploitation.
* As a tech worker, I hate thinking about how what I do is itself exploitative and capitalist, and the crypto ecosystem and community makes me feel better about it because at least I'm not that bad. I assume a lot of folks would never admit to feeling this way, but probably do on some level.
Re: Proposed SEC order to freeze, repatriate Binance.US assets
#58I'm honestly curious, at first glance this looks that could potentially affect cryptocurrencies in a sizable way downwards. I checked CoinMarketCap and it seems that the trend is comparatively stable. Can someone explain this? Please do take into account that I'm not very well versed with cryptocurrencies and I usually need an explainer in several financial concepts.
Binance is an exchange, and exchanges are not needed for cryptocurrency to work. They just make it easier to enter/exit the ecosystem.
Re: Proposed SEC order to freeze, repatriate Binance.US assets
#59I'm pretty anti-crypto, but tested the water with Voyager USDC because of the absurd APY. Took my money and ran when Celsius hinted at having issues, luckily. Funnily enough there was some amount, less than a dollar IIRC, left in Voyager when they folded. I received an email telling me it was being taken over by...Binance. Never bothered to login and even check it. Guess it really is scams all the way down.
Where in this story did you get scammed?
I was lucky.
I imagine the folks who had money in Voyager when it melted down felt pretty scammed.
And now for folks in Binance...
Re: Proposed SEC order to freeze, repatriate Binance.US assets
#60I'm honestly curious, at first glance this looks that could potentially affect cryptocurrencies in a sizable way downwards. I checked CoinMarketCap and it seems that the trend is comparatively stable. Can someone explain this? Please do take into account that I'm not very well versed with cryptocurrencies and I usually need an explainer in several financial concepts.
The americans were priced in.