151–160 of 279 posts
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I thought the #1 use case for crypto was ransomware, followed by shitcoin rug-pulls, and the ability to commit theft without recourse. Sending money to Iran is just a minor edge case.
That's a rather narrow view of crypto's uses. What about subverting democracy by bribing the President?
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Except that there is a huge trusted network for this. The world does not revolve around americas and europe. Not everyone has issues cashing out millions of crypto from a bank. This has been especially prevelant with countries that host a lot of Russian immigrants ever since the SWIFT ban, the regulation is extremely lax and there is minimal data shared to western institutions. I have heard from friends who are in th…
The moment that crypto is cashed out at a bank, no matter how sketchy, a record is created in a ledger. This completely destroys the so-called anonymity of cryptocurrencies.
Escrow companies open and close all the time for this very reason. People wash money alllll day long with US real estate for this reason.
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It seems entirely accurate to me, at least in a POSIWID sense. The original theory of Bitcoin was, as described in the paper, decentralized digital cash. But in practice it was never optimized for what normal people use cash for. As system like that would be something like M-PESA. Even at the time, cash was declining in usage. In the 18 years since, it has declined a lot more. And for good reason, because what most p…
Although it was originally intended to be cash it actually now is used as a "store of wealth" It allows people to build up wealth and be able to preserve it from government intervention and inflation. If you have stocks the ownerhsip and registration is controlled by a government and can be taken at any time from you. Look at china where if you have a large company and take a stand against the government all your equ…
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That's a rather narrow view of crypto's uses. What about subverting democracy by bribing the President?
Has the lack of crypto ever stopped this from happening? Look up cases of gold bars being found in senators houses, those are actually MUCH less tracable. Shitcoins and Shitstocks(some SPACs) do allow of a legal way to "give" others money through the transfer of value in a way that is technically legal. This again is not crypto specific though.
Isn't this like the #1 use case for crypto? Everyone wants an untrackable unblockable currency that is out of government control until the day it is used for things they don't like, then suddenly "government please control this!"
It's also the #1 use case for $100 US dollar bills. Most US $100 bills, in fact, are not even in the US.[a][b] US $100 bills are the currency of choice for small-time crooks and evildoers around the world. They are also the currency of choice for big-time crooks and evildoers. Briefcases of US $100 bills have long been used for illicit payments, as depicted in numerous books and movies. Just because crooks and evildo…
At the scale of cryptocrime, you'd be looking at trucks filled with $100 notes.
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Copyright isn't being circumvented - the content of the website is made available for the public and the website just grabs what is publicly available.
Redistributing copyrighted content is the literal definition of copyright infringement. Using it for your own purposes, without distribution, is another story. This link was posted with intent to facilitate the distribution of copyrighted material. The person who posted it justified posting the link by saying some people don't have a subscription. I understand that some people think copyright shouldn't exist, but it…
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Has the lack of crypto ever stopped this from happening? Look up cases of gold bars being found in senators houses, those are actually MUCH less tracable. Shitcoins and Shitstocks(some SPACs) do allow of a legal way to "give" others money through the transfer of value in a way that is technically legal. This again is not crypto specific though.
So the best part about being bribed with crypto is if one flees to another country to escape the law, one still has the aforementioned bribes. That plus some measure of anonymity.
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That's a rather narrow view of crypto's uses. What about subverting democracy by bribing the President?
There are a dozen better ways than Crypto to bribe politicians.
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What was the benefit to you over using USD? (actually wondering)
1. Get rid of the few mBTC I had left after I realized how bad I'm at crypto trading 2. Fully live the concept of buying something physical from a virtual money I got by mining some now defunct coins.