Binance US No Longer Allows USD Withdrawal for Users

Post by vaxintar » Wed, Oct 18, 2023, 5:01 PM UTC

uxp8u61q wrote: post #199

vaxintar wrote: post #52

Earlier quoted context omitted.

Thanks to Ethereum (and specially now that there are L2s which have cheaper tx costs) I can distribute revenue from my business between different types of collaborators, without incurring in paying 120% in taxes for having "employees". In Argentina if someone works for you more than 15/20 hours in a given month you are legally obliged to hire them for, at least, 3 months. The legislation doesn't fit in tons of cases,…

You're evading taxes and worker protection laws. Congrats I guess? If your business model is dependent on flouting the law, then maybe it's time to rethink the business model.

Post by Pet_Ant » Wed, Oct 18, 2023, 5:03 PM UTC

automatic6131 wrote: post #230

Pet_Ant wrote: post #185

Earlier quoted context omitted.

> The hotel must be trusted to actually provide the room, so why not trust the hotel to also store the booking information? Because the hotel then has to swap the reservation whenever it's traded. Let's say I want to book a hotel in the future for downtown Chicago Cubs making it to the World Series. As the season progresses it's a future whose value goes up and down depending on how they are playing. If the hotel is…

You're literally suggesting turning hotel stays into speculative financial assets. This is, fundamentally, a really dumb idea. Whilst hotels do price sometimes unfairly, your suggestion where a selection of speculative traders engage in (at best) zero sum - and it doesn't even benefit the hotel providing the service. Just faceless traders.

Post by pasc1878 » Wed, Oct 18, 2023, 5:03 PM UTC

buildbuildbuild wrote: post #66

anon1199022 wrote: post #22

Earlier quoted context omitted.

Arpanet started at 1969 and it was not immediately labed with certain groups as a scam, like here for years. That literally blocks the perception. So 2007-1969 is 38 years and not 14.

People were very hesitant to enter their credit card numbers into any website. This is a financial technology, it will bring more risks and justified hesitancy until the right projects iterate past the tests of time. We’re in the MVP stage as an industry with plenty of problems. Unfortunately those problems can impact lives in much more negative ways than a communication tech like the internet could during its “MVP e…

Post by jrm4 » Wed, Oct 18, 2023, 5:04 PM UTC

stouset wrote: post #6

sickofparadox wrote: post #3

Cryptocurrency was (and still is to an extent) a really interesting idea that has a ton of real world utility, especially as government surveillance continues its march towards panopticon. It's a shame that the "get rich quick" grifters and speculators took ahold of it and have killed any chance of normal people adopting it as a regular form of payment.

Nearly 14 years in, where exactly is this “ton of real world utility”? Surely someone somewhere would have a product providing this utility, even amidst the sea of fraud and grift. I still don’t see it. Some utility? Okay, sure. A ton? Not even close. Consider that the web launched in 1993. By 2007 (14 years later), virtually the entire planet had changed dramatically as a result. That is a technology with a ton of r…

Post by rspeele » Wed, Oct 18, 2023, 5:06 PM UTC

llm_nerd wrote: post #149

Every bit of evidence is that the crypto boom has crashed to Earth. In tech it is basically a dirty word now and is overwhelmingly associated with the worst products, the worst teams and the worst get rich and quick sorts. In the rest of the market it has made little to no impact. Yet somehow BTC is still trading at close to historic highs. Now to be fair the market cap of all of BTC is 1/4 Apple, but if it were remo…