71–80 of 167 posts
Earlier quoted context omitted.
This both sides thing is so naive. One side is far more corrupt than the other.
It's naive and dismissive of the corruption to think it's not both sides. You're literally only seeing half the picture.
The amount of corruption and incompetence ignored by his base is staggering. This is all because they don’t like immigration?
A elite that fights social welfare as socialism, while at the same time removing the middle class and handing the lower classes infinite competition. Nobody cares about who the elite pretends to care for, nobody cares about corruption, they want to see that house burn down, like theirs was torched. The sounds of humanism the enemy makes, are irrelevant, as the sound of compassion made while doing nothing.
I was a big enough believer in crypto to literally start a company in this space only to leave it completely disenchanted and deeply pessimistic about the direction of the industry. I felt that there were many real legal and regulatory challenges that governments just didn't want to deal with. No government wants to enable money laundering, black markets, corruption and terrorism; or so I thought! Now we're in a situ…
The creation of the trump coin is a signal to the crypto community that the SEC will stop going after crypto companies. I have read alot of people who ended up going into crypto and some even getting lucrative investment from Andreeson horowitz, lightspeed, etc etc. And then one day, they get a letter in the mail saying they are now a Politically Exposed Entity (PEE). Then all of their banks drop them, they can't get…
What? Campaign donations are not tax exempt.
> Hunter Biden made multi-million dollar deals, and got paid 50k a month for a being on various boards... despite being a known drugie.
Musk is also a "known druggie"; his ketamine habit is self-admitted, and he smoked pot on Rogan. (Briefly risking his contracts, even!)
> the "Top 200 holders" get a dinner with the president. Not saying it's better or worse, just saying it's pretty much the same thing that every president has had access to.
Not in the slightest. There are legal limits on how much money you can give the President.
Earlier quoted context omitted.
It's not new and it's far more broad than that. The staggering government corruption and incompetence has been ignored for decades. You can't just pretend that this is suddenly new and one sided if you want to solve the problem.
This both sides thing is so naive. One side is far more corrupt than the other.
Earlier quoted context omitted.
The thing is though, once you regulate crypto then what’s the point? You are left with a highly inefficient/expensive and immutable database. Bitcoin solves (or attempts to solve) for exchange in absence of trust and regulation. But this is a stupid thing to solve for, because without trust and regulation you can’t even have a functioning society.
I would actually say that scams and financial crimes seem to be the only concrete use case of the technology at the moment. (Unless you count speculation/gambling).
Earlier quoted context omitted.
The thing is though, once you regulate crypto then what’s the point? You are left with a highly inefficient/expensive and immutable database. Bitcoin solves (or attempts to solve) for exchange in absence of trust and regulation. But this is a stupid thing to solve for, because without trust and regulation you can’t even have a functioning society.
I would actually say that scams and financial crimes seem to be the only concrete use case of the technology at the moment. (Unless you count speculation/gambling).
There are a few areas where I find crypto interesting or useful:
- The existing banking and payments industry is too Christian / Mormon. It extra-judicially regulates anything it views as "vices". This industry is supposed to be dumb payment rails with hooks for FinCEN to stop crime. It's not supposed to be your pastor. If anything, business integration with regular payment rails would help them be better regulated.
- "Stablecoins" or whatever the hell they're called seem like a wickedly efficient way to move money between businesses and countries without paying large fees or having to wait for clearance. Ideally they can even cut Visa and the fintech monopolies out of the equation. This is more of a B2B rather than consumer / individual application, and it seems genuinely useful. It also seems compatible with the existing FinCEN / FINRA / AML regulations. If you look at it long enough, it doesn't even feel like crypto. Just a new type of efficiency.
The latter may make the former a non-issue, especially if the existing fintech industry receives more competition from upstarts that don't have to pay the legacy gateways and their frictionful fees.
The amount of corruption and incompetence ignored by his base is staggering. This is all because they don’t like immigration?
How did you feel about the Biden family’s blatant corruption? Do you really think that Hunter Biden was an amazing artist and brilliant corporate energy sector lawyer that is just falling on hard times now like the rest of us? It’s a weird coincidence that he can’t sell his paintings anymore now that his Dad isn’t politically relevant anymore. Joe’s brother has also made a lot of money off of questionable government…
The amount of corruption and incompetence ignored by his base is staggering. This is all because they don’t like immigration?
How did you feel about the Biden family’s blatant corruption? Do you really think that Hunter Biden was an amazing artist and brilliant corporate energy sector lawyer that is just falling on hard times now like the rest of us? It’s a weird coincidence that he can’t sell his paintings anymore now that his Dad isn’t politically relevant anymore. Joe’s brother has also made a lot of money off of questionable government…
as a "crypto" enthusiast, this is sad to see that he is making this industry looking really bad - obviously he doesn't care, money is money. In the future, maybe even now, we are going to have those associating crypto to Trump .. The lack of regulations in crypto make these scams legals without any fear of any repercussion
