Earlier quoted context omitted.
There are a dozen better ways than Crypto to bribe politicians.
A Boeing. Straight cash. Naming anirports or other public spaces. The aforementioned shitcoin. What are the others?
Binance fired employees who found $1.7B in crypto was sent to Iran
191–200 of 279 posts
Re: Binance fired employees who found $1.7B in crypto was sent to Iran
#192Isn'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!"
Re: Binance fired employees who found $1.7B in crypto was sent to Iran
#193Earlier quoted context omitted.
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…
Re: Binance fired employees who found $1.7B in crypto was sent to Iran
#194Earlier quoted context omitted.
Only because in this case they used a centralized exchange. The amount of actual circulation to countries like Iran and North Korea is likely many orders of magnitude higher that what is knowable.
Bitcoin is traceable by design. That's how a public ledger works. It is merely pseudonymous. But it leaves complete public money trail. If your Bitcoin ever associate with your real identity, which they tend to do when you actually use them, your anonymity is gone. There is a reason why Monero exists.
If I put $80m worth of BTC in my hardware wallet and physically hand it to you in exchange for a truck full of black market rockets, who is going to trace it?
Re: Binance fired employees who found $1.7B in crypto was sent to Iran
#195Contrary to a lot of comments here, the only way to use bitcoin (or any cryptocurrency) without tracking is to mine it yourself, and even then... Where did you get it? Purchased/transferred? Where did they get it? What else did the person with that wallet do? If the answer is "mined", even then, you have to actually do something with it, right? Buy something? Where is that something shipped? At worst you'll have to p…
Re: Binance fired employees who found $1.7B in crypto was sent to Iran
#196Earlier quoted context omitted.
Could someone explain to me where the myth of "crypto = untrackable" comes from, and why it's still being perpetuated? Storing a record of every single transaction on a publicly accessible blockchain sounds trackable by design
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...
Re: Binance fired employees who found $1.7B in crypto was sent to Iran
#197Earlier quoted context omitted.
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…
If this was, for example, was only content behind a paywall that would make more sense to suggest there is a copyright violation here.
Re: Binance fired employees who found $1.7B in crypto was sent to Iran
#198Earlier quoted context omitted.
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.
Anonymity is the one thing cryptocurrency does not do well. It's much harder to sieze but much easier to trace.
Re: Binance fired employees who found $1.7B in crypto was sent to Iran
#199Earlier quoted context omitted.
There's a major distinction, however, in that it's a heck of a lot harder to safely and reliably lug briefcases or suitcases full of $100 bills from Chicago to Tehran, than it is to click and transfer some Bitcoin. Which is the whole point.
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.
Re: Binance fired employees who found $1.7B in crypto was sent to Iran
#200Earlier quoted context omitted.
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…
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.