Binance fired employees who found $1.7B in crypto was sent to Iran

Post by grim_io » Tue, Feb 24, 2026, 3:03 AM UTC

carshodev wrote: post #200

grim_io wrote: post #153

Earlier quoted context omitted.

This is not a common man's dream, but one of privilege and wealthy background. The oppressed masses don't need Bitcoin, they have no wealth to "memorize" and jetset around the world.

Look back in history and there have been many cases of poor people being pushed out of their homes, stripped of their valuable goods and forced to relocate, in that case it would apply to those who were not wealthy.

Post by IncreasePosts » Tue, Feb 24, 2026, 3:11 AM UTC

irjustin wrote: post #186

overgard wrote: post #145

Earlier quoted context omitted.

Well, you could also use it to buy a pizza and find out it that your pizza cost a billion dollars a few years later.

Literally - this is my friend =( For him, it was something like a ~$30m pizza at peak. We're asked not to bring it up.

Post by hephaes7us » Tue, Feb 24, 2026, 3:41 AM UTC

gpt5 wrote: post #199

cs702 wrote: post #126

Earlier quoted context omitted.

Yeah, crypto is a safer, more reliable alternative for many use cases, including those that are fundamentally honest. For instance, if you're an honest person trapped as a citizen in a despotic authoritarian state that doesn't respect your property rights, crypto may be the safest, most reliable alternative for storing and transferring your hard-earned savings.

Ironically, crypto has developed something significantly better for these use cases called stablecoin, which isn't really decentralized.

Post by lambda » Tue, Feb 24, 2026, 4:16 AM UTC

singpolyma3 wrote: post #149

lambda wrote: post #54

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What? "Instantly and for a very low fee"? Fees have historically gone up above $100 per transaction. They've since added hacks on top of the original Bitcoin protocol to get the price back down again, but the original design was not good for low fees. And transactions can take 30 minutes or more to settle, that's hardly instant. If you accept a transaction instantly, it's relatively easy for someone to scam you by do…

I've never seen $100 for a normal sized transaction that seems rather hyperbolic.

Post by Jyaif » Tue, Feb 24, 2026, 4:43 AM UTC

paxys wrote: post #196

subscribed wrote: post #52

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In the case of bitcoin, surely. Some other coins not so much trackable, and that's the reason some countries don't like them: https://finance.yahoo.com/news/binance-delist-monero-zcash-4...

Also not true in the case of bitcoin. If I want to transfer money to you I don't have to do it on the chain. I can send you the private key of my wallet in whatever way I want and now you have the bitcoin, zero tracking.