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Former US SEC attorney: 'Get out of crypto platforms now'

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Re: Former US SEC attorney: 'Get out of crypto platforms now'

#511

Earlier quoted context omitted.

They follow it on CNBC and have for a while. It's as mainstream as any stock.

It's mainstream for trading. It's not mainstream for conducting transactions.

Do you typically conduct transactions using gold and silver? Bitcoin is closer to a commodity than a currency.

Re: Former US SEC attorney: 'Get out of crypto platforms now'

#512
post #502

Earlier quoted context omitted.

If the DAO rollback had been a successful attempt at censorship (e.g. 100% collusion of miners), then there would have not been a chain-split, but there was one, and as a result of that, both ETC and ETH exist today. Now, if you're suggesting one-off cases like this are the counter-argument for the censorship argument, I'll bring you the bad news: this has never happened on chains that are not shitcoins, e.g. bitcoin…

So the people who pulled off the DAO heist can redeem their ETH for cash somewhere?

Their ETC cash, yes.

Re: Former US SEC attorney: 'Get out of crypto platforms now'

#513

Earlier quoted context omitted.

wolverine876: The question is whether crypto in particular facilitates crime, and it does. evandale: Cash has been used for facilitating crime since currency was invented wolverine876: How is that relevant? The question obviously isn't whether crypto facilitates crime because USD facilitates crime better. If the ability to facilitate crime was a question of whether you should use a currency or not then we wouldn't be…

Attacking other people is not only weak BS, it violates HN guidelines. Have a good day!

I'm not sure how refuting a weak augment is a personal attack but I strongly encourage you to contact dang if you feel like I was disrespectful and he'll give me the talking to I deserve and possibly ban me. He's a really friendly moderator.

Re: Former US SEC attorney: 'Get out of crypto platforms now'

#515

Earlier quoted context omitted.

You’re doing the ignorant a favor for no real gain. Bitcoin adoption will continue. Bitcoin’s progress remains unstoppable. No amount of downvotes can stop it. And the next giant leap in buying power will just make the anger and denial stronger here - a classic case of cognitive dissonance.

Pretty strong cult vibes :/

If wanting an immutable currency that is not controlled by a central government means I’m in a cult of like-minded, then guilty as charged.
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