This (USD withdrawal) has been disabled in the app for US users for a while now. I have like $15 there (in BNB) and check it once-in-a-while just for curiosity.
Binance US No Longer Allows USD Withdrawal for Users
51–60 of 424 posts
Re: Binance US No Longer Allows USD Withdrawal for Users
#52Cryptocurrency 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…
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, and led the country to over 35% of working people outside the legal framework.
Crypto gives people living in dysfunctional democracies a chance to participate in the global economy, something that people living in Europe or North America cannot comprehend.
And don't even get me started on why ownership of your money is important but if you are willing to read take a look at this: https://en.wikipedia.org/wiki/Corralito
Re: Binance US No Longer Allows USD Withdrawal for Users
#53Earlier quoted context omitted.
You have no idea what you're talking about, right? https://www.axios.com/2023/05/11/stripes-crypto-strategy "Accepting money is one thing, but paying out money to the rest of the world — especially long-tail countries with poor banking rails is another thing," he said. "It works better than fiat payments in a lot of cases," he added."
Okay ¯\_(ツ)_/¯ If you want to bet $10k on the success of this, outline the success criteria and deadline for evaluation of the bet and we'll spin up a Long Bet [1]. Stripe talks a lot, while TranferWise (among others) gets shit done wrt cross border payments on real rails. Crypto is slowly dying while central banks raise rates globally, making the casino attempt at yield unpalatable (most crypto trading was gambling)…
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Re: Binance US No Longer Allows USD Withdrawal for Users
#54Cryptocurrency 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.
It's not just government surveillance. The private sector has plenty of Peeping Toms.
I'm pretty sure cryptocurrency isn't the solution.
Re: Binance US No Longer Allows USD Withdrawal for Users
#55Cryptocurrency 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.
> 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. Cryptocurrency not only doesn't help much, but even goes backwards there. You think the government is bad? Imagine life in NFT land. Your gym ticket is a NFT. Your movie ticket is a NFT. Your house deed is a NFT. So everyone you…
> So everyone you interact with knows where you work, how much you earn, what you own, where's your house, what you buy, what groups you belong to... and they can keep tracking you forever if you tell them who you are just once.
Granted public blockchain is a lot more discoverable, but a lot of this already is public. Property ownership is public (at least in the US), credit cards sell your data, facebook knows which groups you belong to, etc.
Re: Binance US No Longer Allows USD Withdrawal for Users
#56Earlier quoted context omitted.
Okay ¯\_(ツ)_/¯ If you want to bet $10k on the success of this, outline the success criteria and deadline for evaluation of the bet and we'll spin up a Long Bet [1]. Stripe talks a lot, while TranferWise (among others) gets shit done wrt cross border payments on real rails. Crypto is slowly dying while central banks raise rates globally, making the casino attempt at yield unpalatable (most crypto trading was gambling)…
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So you don't want to take the bet? Signals not much faith in your ideology and thesis. Accountability is important if attempting to predict the future. I believe you believe, but not enough to put value at risk.
Re: Binance US No Longer Allows USD Withdrawal for Users
#57Earlier quoted context omitted.
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…
There's a lot of utility outside of the US, in countries without stable currencies. It's no web, but its a lot more impactful than say self driving cars (thus far), 3D-printing, or vegan meat. Edit: This is not to discount those technologies, rather to emphasize that crypto is used by millions worldwide for real transactions.
Crypto is not more impactful than 3D printing.
3D printing has built real things, real products and has immense significance to fast prototyping.
Crypto hasn't built a single tangible item.
Re: Binance US No Longer Allows USD Withdrawal for Users
#58Cryptocurrency 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.
> especially as government surveillance continues its march towards panopticon
Pseudonymous is not anonymous. Pseudonymity is not privacy.
Cryptography is cool for certain kinds of privacy. Cryptocurrency has almost nothing to do with cryptography and does not provide privacy in the ways that counter a surveillance super-state. Pseudonymity makes transactions more traceable because unique identifiers are tied to each wallet and every single transaction with all metadata is recorded in plain view by design of the protocol. Mixers are an attempt to patch the failure of the protocol's design to actually implement any form of privacy, and even then, there are statistical tools that can plausibly tease out who's paying whom. At least enough to justify to the state, in its bureaucratic processes, more conventional forms of investigation. It's not perfect because the failures are systemic, i.e., inherent to the protocols.
I feel like a crazy person. Sometimes I feel like I'm hallucinating the life I'm living, and I'm really locked in a padded room repeating these things to myself day and night but no one will listen.
Re: Binance US No Longer Allows USD Withdrawal for Users
#59Cryptocurrency 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.
Cryptocurrency is purpose-built for tax evasion and money laundering.
Re: Binance US No Longer Allows USD Withdrawal for Users
#60Earlier quoted context omitted.
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…
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,…
Even if the laws are stupid, the killer feature you are describing is called crime.