We just need a law that bans cryptographic exchanges and transfers in the USA. They are not assets, they provide no real utility, they are just speculative devices that no longer function as originally intended; as a replacement for fiat currency. So, it simply needs to be outlawed and all the money repatriated into whatever currency it came from; most of it dollars.
Binance lays off over 1k Employees
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Re: Binance lays off over 1k Employees
#72We just need a law that bans cryptographic exchanges and transfers in the USA. They are not assets, they provide no real utility, they are just speculative devices that no longer function as originally intended; as a replacement for fiat currency. So, it simply needs to be outlawed and all the money repatriated into whatever currency it came from; most of it dollars.
This seems pretty out of touch. They're the first challenger to fiat currencies ever. Outlawing them will stifle any innovation that arises from their development.
Except they fail at that. Any further innovation will be more of the same: grift.
Re: Binance lays off over 1k Employees
#73Earlier quoted context omitted.
They have around 100M registered users, so approximately 1 employee for every 100k users seems reasonable.
That figure seems implausibly high. 1 in 80 humans on Earth are not only participating in crypto but specifically have an account on Binance? It certainly cannot be the number of active users.
Re: Binance lays off over 1k Employees
#74We just need a law that bans cryptographic exchanges and transfers in the USA. They are not assets, they provide no real utility, they are just speculative devices that no longer function as originally intended; as a replacement for fiat currency. So, it simply needs to be outlawed and all the money repatriated into whatever currency it came from; most of it dollars.
Re: Binance lays off over 1k Employees
#75Earlier quoted context omitted.
I don't know if I'm just naive, but I'm always confused when I see such a high headcount for companies with such simple tech, the staff of Twitter (even after mass layoffs) confuses me also. I feel like these companies are solving a relatively simple problem, and a single skilled engineer working full time could probably make and maintain a decent scalable solution.
True sign of the arrogant software engineer, believing they can single-handedly recreate an entire company just because they went to school in one subject for 4 years.
Re: Binance lays off over 1k Employees
#76We just need a law that bans cryptographic exchanges and transfers in the USA. They are not assets, they provide no real utility, they are just speculative devices that no longer function as originally intended; as a replacement for fiat currency. So, it simply needs to be outlawed and all the money repatriated into whatever currency it came from; most of it dollars.
You’re currently spewing nonsense.
Re: Binance lays off over 1k Employees
#77Earlier quoted context omitted.
I don't know if I'm just naive, but I'm always confused when I see such a high headcount for companies with such simple tech, the staff of Twitter (even after mass layoffs) confuses me also. I feel like these companies are solving a relatively simple problem, and a single skilled engineer working full time could probably make and maintain a decent scalable solution.
I mean feel free to make the next Twitter with a single Engineer if you think it is possible.
Re: Binance lays off over 1k Employees
#78We just need a law that bans cryptographic exchanges and transfers in the USA. They are not assets, they provide no real utility, they are just speculative devices that no longer function as originally intended; as a replacement for fiat currency. So, it simply needs to be outlawed and all the money repatriated into whatever currency it came from; most of it dollars.
This seems pretty out of touch. They're the first challenger to fiat currencies ever. Outlawing them will stifle any innovation that arises from their development.
Direct commodity and commodity-representational currencies were the first challengers to fiat currencies, and for about the first millenium after the first know fiat was introduced, generally won.
Cryptocurrency is not the “first challenger to fiat currency ever”.
Re: Binance lays off over 1k Employees
#79I haven’t paid any serious attention to crypto-type markets in a while but historically BTC/USDT was a pretty good number to look at if you could only look at one and it’s (glances)…whoa back above 30k? That’s not like peak tulip or even close but historically like, high-ish I think. I don’t particularly feel like reading the entrails of the crypto chicken at the moment so I’m going to assume that the crypto market (…
Everything you need to know about crypto today can be found at https://web3isgoinggreat.com/
This is actually a worry i have about in regards to crypto, the BTC network uses a staggering amount of power.
Ai is next of my power hungry worry list.
Re: Binance lays off over 1k Employees
#80We just need a law that bans cryptographic exchanges and transfers in the USA. They are not assets, they provide no real utility, they are just speculative devices that no longer function as originally intended; as a replacement for fiat currency. So, it simply needs to be outlawed and all the money repatriated into whatever currency it came from; most of it dollars.