31–40 of 498 posts
Good. May the entire of crypto be brought down with it.
Anyone in the variety of South American countries experiencing massive inflation would have been worlds better if they had just parked their money in BTC. Crypto is full of scams but there is also a world of positives and opportunity there.
Earlier quoted context omitted.
Anyone in the variety of South American countries experiencing massive inflation would have been worlds better if they had just parked their money in BTC. Crypto is full of scams but there is also a world of positives and opportunity there.
They would've also been worlds better if they had parked their money in Gamestop, or honestly even in a casino, but that doesn't make it a sound investment
Good. May the entire of crypto be brought down with it.
If you could please elaborate, for the free curious spirits of HN. Crypto has brought good in underdeveloped countries like Venezuela and Argentina. Venezuelans use USDT to purchase real, physical goods. Sometimes groceries.
But besides all that, I think it's criminal to leave people in underdeveloped countries at the whims of unaccountable central-bank-style institutions like USDT. What will proponents of this crap say if/when USDT collapses? "They knew the risks"? Is the "crypto community" going to bail out people who invested their life savings in this garbage[2]?
[1] https://www.chainalysis.com/blog/latin-america-cryptocurrenc...
[2] https://old.reddit.com/r/AxieInfinity/comments/10ovcoo/lost_...
Good. May the entire of crypto be brought down with it.
Don't know if this is because it's mainstreamed in a way that makes it less "hacker"-appealing (quotes intentional), the HN community has changed, or because crypto went full crypto-bro so hard.
May be some combination.
Perhaps this was the final takedown necessary to pave the way for BTC ETF approval.
While I can see how it helps clear the bad image of the industry, the two are not directly related. The ETF was/is going to get approved regardless.
Perhaps this was the final takedown necessary to pave the way for BTC ETF approval.
I'm not super savvy with money but why would anybody buy an ETF and pay their fees when the assets in the ETF don't grow or give dividends? How will they secure those assets? Cold wallet in a vault? What happens if they do their audit and the backing coins aren't there (stolen) or there's a hardware failure on the cold wallet?
[flagged]
It depends on how you see things. Some would argue, the SEC is good at doing business. Others would say that Binance will pay cause it's just the cost of doing business. Every trading / security / exchange company is in the same boat, they just have to keep paying to do their business.
Perhaps this was the final takedown necessary to pave the way for BTC ETF approval.