101–110 of 136 posts
I missed the memo, which led to a few minutes trying to remember which blockchain company was named "block" but: why not cube? Or Hypercube?
Of course, then came Terra Luna, FTX, and all that shebang, and Block wasn't the hot name it was anymore.
Earlier quoted context omitted.
Always has been...
To shoot someone in the back, first you have to get behind them.
See [1] for example, where Hindenburg was able to acquire a debit card for "Donald Trump" with a fake ID.
Earlier quoted context omitted.
The idea that some cryptocoin is used by some large but unseen group of people is often talked about but nobody presents the data that show that this group really exists. Is there some real data that shows that this large group actually exists or is it all speculation?
The vast majority of the cash changers in Istanbul have tether and BTC logos. There’s a similar situation in Lebanon with BTC’s near ubiquity in remittances. Just because it doesn’t impact your life doesn’t mean this use isn’t self evident elsewhere.
Earlier quoted context omitted.
I would be interested in the percentage of 1. Bitcoin (crypto) users who (only) have BC because they hate fiat money 2. Users who have BC because they need it for illegal gains 3. Opportunistic investors 4. Web3ers I have the unsubstantiated feeling that 1 is overstated.
5. People for whom fiat money is impractical for one or more reasons This category is way larger than people in well-banked Western circles realise. Bitcoin (crypto) is one of the easiest ways for people affected by capital controls or sanctions (on the financial institutions they use, or the country they were unlucky enough to be born in) to freely move their (legally earned, and taxed) money across borders. Since o…
I'm not assigning a moral value to this. I'm just commenting that law avoidance is law avoidance, even if you really really want or need to do it.
Tokens are useless in comparison to monay for almost any activity, except for law avoidance. For this task they are amazing.
Earlier quoted context omitted.
The idea that some cryptocoin is used by some large but unseen group of people is often talked about but nobody presents the data that show that this group really exists. Is there some real data that shows that this large group actually exists or is it all speculation?
The vast majority of the cash changers in Istanbul have tether and BTC logos. There’s a similar situation in Lebanon with BTC’s near ubiquity in remittances. Just because it doesn’t impact your life doesn’t mean this use isn’t self evident elsewhere.
> Is exchanging cryptocurrency legal in Turkey? Yes, it is legal to buy, sell or trade your crypto money as long as crypto money is not used to pay goods or services.
They also mention they only pay out in USD. That makes it sound like the only possible use is for a Russian to convert Rubles to BTC in their home country, exchange BTC with USD there, then go next door to exchange their USD with Lira. That is so heavily tied to sanctions that it can explain why actual cash exchanges don’t support cryptocurrencies.
[0]: https://www.google.com/maps/@40.9774298,28.820529,2a,75y,324...
[1]: https://www.google.com/maps/@41.0080274,28.9761991,3a,15y,34...
[2]: https://www.google.com/maps/@41.0166738,28.9509347,3a,88.5y,...
[3]: https://www.google.com/maps/@41.0150099,28.9752954,3a,25.8y,...
[4]: https://www.google.com/maps/@41.0086973,28.9713568,3a,60y,64...
Earlier quoted context omitted.
It’s an attack on criminals, not non-wealthy people
But the attack is biased towards only the non-wealthy subset of criminals (par for the course), ipso facto it is an attack on the non-wealthy.
Oh no! Please, oh please, let's protect these fiscally impoverished criminals. What horrible social injustice!
Good grief. Just give it a rest please? Ridiculous.
> Dorsey [...] told investors about the large number of songs named after Cash App and described how music had become a way to share with others how valuable the app is to them personally, providing them with “so much utility.” > A review of songs mentioning Cash App shows that the artists are not generally rapping about Cash App’s smooth user interface and robust software integration toolkit. > Instead, lyrics descr…
I agree there's a need for short sellers to keep the market in check, but this quote, also listed as the number one issue, doesn't really sit well with me: > Misleading investors by overstating its genuine user counts, with former employees estimating as much as three quarters are “fake, involved in fraud, or…additional accounts tied to a single individual.” Do they really know? Or is it just a feeling that they have…