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Bitcoin exchanges are fraught with risks

reuters.com

21–28 of 28 posts

Re: Bitcoin exchanges are fraught with risks

#21
post #10
post #2

Cryptocurrency anarchists find anarchy less than appealing when it happens to them.

>Cryptocurrency anarchists Can you please elaborate on what you mean by that? Or is it a proxy-word for anarcho-capitalist?

https://en.wikipedia.org/wiki/Crypto-anarchism

Re: Bitcoin exchanges are fraught with risks

#22
post #10
post #2

Cryptocurrency anarchists find anarchy less than appealing when it happens to them.

>Cryptocurrency anarchists Can you please elaborate on what you mean by that? Or is it a proxy-word for anarcho-capitalist?

If it is, as an anarchy-capitalist, I'm pretty happy with the ecosystem-- without government control, we have seen a lot of the worst people, including hacks and thefts, yes, and those make the systems and software stronger-- because we have a lot of good people, and a genuine meritocracy without gatekeepers keeping out everyone but the well connected.

Re: Bitcoin exchanges are fraught with risks

#23
post #7

Earlier quoted context omitted.

What's interesting about that and why would HN care if people are sharing private details of their life willingly?

It's that people should be a lot safer and aware. I've seen a guy brag about his cryptocurrency stash, and if you went through his post history he'd also talked about where he lived and his profession. If he leaked any other details (through HN or crossreferencing other sites), he might be a really vulnerable target and not even realize it.

Ah ok. I thought there was something special about cryptocurrency but I understand, it the usual bragging and attracting criminals. Thanks.

Re: Bitcoin exchanges are fraught with risks

#24
post #18

Wow, the article talks about Moolah facing fraud charges. That was a big deal in the Dogecoin community for awhile. https://www.coindesk.com/former-dogecoin-exchange-ceo-faces-... He's now a convicted rapist: https://coinjournal.net/ryan-kennedy-convicted-rape-sentence... You've also got the owner of the Dogecoin tipbot who stole a bunch of money: https://gizmodo.com/reddit-users-lose-real-money-after-meme-... What a…

> What a fucked up industry. What industry isn't? Yahoo CEO had fake credentials: http://money.cnn.com/2012/05/13/technology/yahoo-CEO-out/ind... He lied and accepted a salary. In my world, I define that as stealing. Equifax CEO Richard Smith will collect 90M http://fortune.com/2017/09/26/equifax-ceo-richard-smith-net-... What a convenient time to retire. Questionable morals of Uber CEO https://www.reuters.com/articl…

haha wow. How dismissive... This is an absurd reply.

Re: Bitcoin exchanges are fraught with risks

#26
post #18

Earlier quoted context omitted.

> What a fucked up industry. What industry isn't? Yahoo CEO had fake credentials: http://money.cnn.com/2012/05/13/technology/yahoo-CEO-out/ind... He lied and accepted a salary. In my world, I define that as stealing. Equifax CEO Richard Smith will collect 90M http://fortune.com/2017/09/26/equifax-ceo-richard-smith-net-... What a convenient time to retire. Questionable morals of Uber CEO https://www.reuters.com/articl…

haha wow. How dismissive... This is an absurd reply.

Classic whataboutism.

Re: Bitcoin exchanges are fraught with risks

#28
post #10

Earlier quoted context omitted.

>Cryptocurrency anarchists Can you please elaborate on what you mean by that? Or is it a proxy-word for anarcho-capitalist?

If it is, as an anarchy-capitalist, I'm pretty happy with the ecosystem-- without government control, we have seen a lot of the worst people, including hacks and thefts, yes, and those make the systems and software stronger-- because we have a lot of good people, and a genuine meritocracy without gatekeepers keeping out everyone but the well connected.

My thoughts exactly, the space has seen considerable growth... and yes, there's some bad stuff but the market gets smarter and less vulnerable with time. It's overall a large win imo.
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