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SEC asks for emergency order to freeze Binance US assets anywhere in the world

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Re: SEC asks for emergency order to freeze Binance US assets anywhere in the world

#261

The quality of discourse at this stage of the thread (2 hours, 20 comments) is incredibly disappointing. Hn usually has high quality discussions. What is it about crypto that causes us to lose our minds?

There are a great many people who chose to see crypto as an existential threat to the earth because proof of work requires energy and energy is derived from fossil fuels and therefore any expansion of its use exacerbates climate change. Proponents of crypto are frequently corralled into a “climate change denier” corner by this faction. The other large contingent, myself included, sees the never ending scams, shady de…

What do you think the Lightning Network provides over the main net as far as getting around sanctions?

Re: SEC asks for emergency order to freeze Binance US assets anywhere in the world

#262

The quality of discourse at this stage of the thread (2 hours, 20 comments) is incredibly disappointing. Hn usually has high quality discussions. What is it about crypto that causes us to lose our minds?

Coz most crypto is scam and get rich quick schemes ?

how did you calculate 'most'? Marketshare? Daily volume? Number of projects? Pulled out of thin air?

Re: SEC asks for emergency order to freeze Binance US assets anywhere in the world

#263
post #87

The quality of discourse at this stage of the thread (2 hours, 20 comments) is incredibly disappointing. Hn usually has high quality discussions. What is it about crypto that causes us to lose our minds?

it's not because you disagree with them that the quality is bad. Saying that crypto is very heavily linked to scams is an empirical fact at this point

'heavily linked' is a subjective phrase. It cannot be a 'fact'. Is the Internet 'heavily linked', 'lightly linked', or just 'linked' to scams? Your research would be appreciated.

Re: SEC asks for emergency order to freeze Binance US assets anywhere in the world

#264

Earlier quoted context omitted.

Not at all. It tells you someone didn't like your post. Don't think it's possible to infer anything other than that. Many times I've had posts oscillate between negative and positive scores. It's very likely there are people who agree out there.

When certain comments get consistently downvoted, that’s not someone not liking your post.

What law of physics or probability prevents a comment from consistently getting downvoted due to a disagreement in opinion?

Re: SEC asks for emergency order to freeze Binance US assets anywhere in the world

#265

The quality of discourse at this stage of the thread (2 hours, 20 comments) is incredibly disappointing. Hn usually has high quality discussions. What is it about crypto that causes us to lose our minds?

We’re sick of seeing frontpage news about the latest crypto scam and fallout.

so sick that you had to click and participate in the conversation

Re: SEC asks for emergency order to freeze Binance US assets anywhere in the world

#266

what if shutting down all the exchanges is the thing that causes people to start using bitcoin directly as a currency?

Is Bitcoin worth anything if you can’t convert it into fiat currency & vice versa?

Yes. You don't believe BTC was ever used directly between two parties for a sale of goods/services?

Re: SEC asks for emergency order to freeze Binance US assets anywhere in the world

#267

Earlier quoted context omitted.

I have some inheritance cash that I received when my grandma died. Right now, it is soaking up some nice 4.9% apy, but eventually I'd like to buy a car (waiting for the prices to crash a bit more). It is what she would have wanted (she bought me my first car). I can't wait to walk into a dealership, with cash, and find out what sort of criminal I am.

There's no reason you would be a criminal, if they're comfortable taking so much cash (you didn't specify how much, dealers may vary in how willing they are to accept very large cash purchases) they will doubtless be comfortable filling out the mandatory reporting. The investigators are looking for patterns, and latchkey having one dead grandma and buying one car isn't a pattern. They can't see patterns if the data w…

Car dealers' comfort is proportional to governmental scrutiny and control of their finances and transactions, so I think this is still a big deal as we move further and further away from the ability to independently transact among ourselves without controlling middlemen (government, banks, etc.) centralizing and controlling this ability. Not to mention the big banks and governments moving to blockchain financial vehicles they sanction and ultimately control. Soon you will have to be fingerprinted for a SIM card here like in Saudi Arabia. I've lived in SE Asia where you can buy a SIM card from a convenience store. To get one in KSA, I would have had to have had a government ID or number, and they fingerprint you to get an account. You know, because only criminals, drug dealers, and others use "burner" phones; it's not about trying to track and control you ;)

Re: SEC asks for emergency order to freeze Binance US assets anywhere in the world

#268

Earlier quoted context omitted.

When certain comments get consistently downvoted, that’s not someone not liking your post.

What law of physics or probability prevents a comment from consistently getting downvoted due to a disagreement in opinion?

None, but downvoting because of a disagreement makes you an asshole, so that still tells you stuff about the community, or at least those active in certain threads.

Re: SEC asks for emergency order to freeze Binance US assets anywhere in the world

#269
post #56

Earlier quoted context omitted.

Unless you just woke up from a deep coma and think "Crypto" in this case means "Cryptography" and not "Cryptocurrency"... I don't know what to tell you.

What's the difference? Cryptocurrency is said to be used for crime and cryptography is said to be used for crime.

You need me to explain the difference between a field of math and a single implementation of that field?

Really?

Re: SEC asks for emergency order to freeze Binance US assets anywhere in the world

#270

Earlier quoted context omitted.

I have some inheritance cash that I received when my grandma died. Right now, it is soaking up some nice 4.9% apy, but eventually I'd like to buy a car (waiting for the prices to crash a bit more). It is what she would have wanted (she bought me my first car). I can't wait to walk into a dealership, with cash, and find out what sort of criminal I am.

There's no reason you would be a criminal, if they're comfortable taking so much cash (you didn't specify how much, dealers may vary in how willing they are to accept very large cash purchases) they will doubtless be comfortable filling out the mandatory reporting. The investigators are looking for patterns, and latchkey having one dead grandma and buying one car isn't a pattern. They can't see patterns if the data w…

> mandatory reporting

Why should I have to even be reported on though?

It is my money and I'm just buying a car. I'm already registering the car with the state in multiple ways (DMV and insurance).

>investigators are looking for patterns

Oh, so now I have to be wary of falling into 'a pattern'... but that's ok cause what I'm doing isn't a pattern (today?).

This whole concept of absurd levels of tracking and being treated like a criminal, is offensive.

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