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.
How long is a while?
Binance US No Longer Allows USD Withdrawal for Users
81–90 of 424 posts
Re: Binance US No Longer Allows USD Withdrawal for Users
#82Earlier 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…
Blockchain tech isn't 14 years old, it's 30 years old, or even 40 if you want to go back to the '82 paper. Still no world-changing tech has come from it, aside from monopoly money.
The blockchain as described in 1982 is a perfectly good niche data structure. Maybe it's not "world-changing," but it's useful enough for our team to use it at work.
Re: Binance US No Longer Allows USD Withdrawal for Users
#83Cryptocurrency 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…
>Nearly 14 years in, where exactly is this “ton of real world utility”?
People usually qualify this with "moral" or "legal" uses -- crypto currencies are absolutely useful for tax evasion and moving money across borders illegally -- it's why many people use them. It's these exact qualities that draw in the 'scammers' and 'get rich guys' as well. So it absolutely has real world uses just ones you don't like. The next question naturally then is why don't we shut them down? Now you can see how powerful they actually are because they're aren't fragile either and very persistent.
Re: Binance US No Longer Allows USD Withdrawal for Users
#84Earlier quoted context omitted.
> 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…
Not nearly to the same level, and a lot of that is proprietary info. Facebook collects lots of data but doesn't like to share it.
Re: Binance US No Longer Allows USD Withdrawal for Users
#85Earlier quoted context omitted.
NFTs. It's like Steam's marketplace, but without having to have one company have control to ban anyone. It lets you safely make trades without having to pass your items to sites for them to hold on to your items for you.
What does it do better than a classic centrally run steam marketplace? Why hasn’t Valve switched to NFTs?
It destroys the monopoly Valve has over item ownership and gives power to the people. Valve hasn't switched because having a monopoly is good financially.
Re: Binance US No Longer Allows USD Withdrawal for Users
#86Earlier quoted context omitted.
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.
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Re: Binance US No Longer Allows USD Withdrawal for Users
#87Cryptocurrency 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.
Normal people were never going to do well with a payment system where if you forget your password you've irretrievably lost access to your funds. (I've heard all of the arguments about backup phrases and social recovery wallets and suchlike, and I have yet to see evidence that these will work for anyone other than the most technically sophisticated of users.)
You also irretrievably lose access to your funds if an attacker steals your credential. Not a problem as long as you have flawless security. /s
Re: Binance US No Longer Allows USD Withdrawal for Users
#88Cryptocurrency 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…
> Nearly 14 years in, where exactly is this “ton of real world utility”?
I don't think cryptocurrency has much value, but I think block chain has lots of potential for trading things that have unique ids and are owned by many people. I paid $1500 for research on a title claim and my lawyer came back with "It's looks solid, but I'd get the title insurance just in case". If property deeds were on the block chain then it'd be trivial.
Car deeds, property deeds, stocks, concert tickets, air line tickets, hotel reservations, all these would benefit from being frictionlessly traded on a block chain. That said, to be useful the entities have to be tangible and the owners don't really benefit (though hotels would benefit from the speculation since it'd even out their cash flow) or the owner is the government.
Re: Binance US No Longer Allows USD Withdrawal for Users
#89Earlier 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…
Sending money to other countries? You don't need to hold the coins long. Just buy some stable coins, send it, and other person sells them through a broker. From what I understand sending money across counties is very expensive. Not to mention "bad countries" Do people use it for this in real life?
Yes, I do. I'm originally from a bad country (Russia) but right now live in a good country (Poland). I still do some work in the bad country and USDT is basically the only inexpensive, easy, and fast way to transfer money from the bad country to the good country.
Re: Binance US No Longer Allows USD Withdrawal for Users
#90Cryptocurrency 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…
I'm well aware that cryptos like Bitcoin and Etherium are open ledger books that show everything. The privacy comment was more targeted at systems such as Monero.