Binance US No Longer Allows USD Withdrawal for Users • Hacker News Board

Re: Binance US No Longer Allows USD Withdrawal for Users

#421

Post by llm_nerd » Fri, Oct 20, 2023, 2:59 PM UTC

jrm4 wrote: post #419

llm_nerd wrote: post #412

Earlier quoted context omitted.

What reality did I alter? Bitcoin's current value is *completely* irrational and absolutely unjustified. When it had some prospective future, sure some tenuous argument could be made, but now it's basically NFTs -- people collecting worthless things, with so little real (not wash) trading that for a while the illusion holds on. That's the sham. In the same way that GameStop or BedBathandBeyond didn't become retail po…

A lot of "real" companies are investing in it; which by definition makes it no better or worse than ANY OTHER SPECULATIVE THING. Basically "that's, just like, your opinion, man."

What real companies? Tesla did at the spurring of Musk, and then quietly dumped all of it. A few other "investment" companies occasionally make some statement that amounts to a pump and dump.

>it no better or worse than ANY OTHER SPECULATIVE THING

Bunching everything together as "speculative" doesn't somehow make them equal. Buying land is not the same as buying an NFT. Buying shares in a bank is not the same as buying Bitcoin.

Bitcoin's entire history has been crime and fraud. It temporarily duped the mainstream, but having conned main street it has returned to its crime roots.

Re: Binance US No Longer Allows USD Withdrawal for Users

#422

Post by samanthahdahlia » Sat, Oct 21, 2023, 1:12 PM UTC

[dead]

Re: Binance US No Longer Allows USD Withdrawal for Users

#423

Post by sydbarrett74 » Sat, Oct 21, 2023, 11:31 PM UTC

vaxintar wrote: post #118

sydbarrett74 wrote: post #69

Earlier quoted context omitted.

You're engaging in tax evasion by misclassifying employees as IC's. Call it whatever you want, the essence doesn't change.

Tax evasion for a business that makes less than 5k usd a year in reveneu? If you think that's a crime you are delusional about the uses of money. Crypto allow me to create a structure where people can work in an animal health control for rural parts of the Patagonia (which is around 2000000 squared kilometers, five times the size of Germany and has 1/80 its population) and provide this kind of services for free in ma…

It's not the magnitude, it's the mens rea (motive and intent).

Re: Binance US No Longer Allows USD Withdrawal for Users

#424

Post by sydbarrett74 » Sat, Oct 21, 2023, 11:34 PM UTC

nisegami wrote: post #73

sydbarrett74 wrote: post #54

Earlier quoted context omitted.

It's not just government surveillance. The private sector has plenty of Peeping Toms. I'm pretty sure cryptocurrency isn't the solution.

The private sector doesn't have a monopoly on violence that it can use to imprison me.

Does that matter in practice? Large private-sector entities can employ organised criminals to assassinate you. Pragmatically, how is that any different? Dead is dead.

At least with the government, you (theoretically) have due process. True, the Constitution (or equivalent documents in other countries) is worthless if not enforced and observed, but the private sector has no such guarantees.