5 ms·
I don’t think it does any of the things you mentioned. It’s a vehicle for speculations and money laundering.
by hahahahe 6y ago
I don’t think it does any of the things you mentioned. It’s a vehicle for speculations and money laundering.
- DamnYuppie 6y agoSo is every investment vehicle ever.
- CryptoPunk 6y ago>>money laundering It gives people locked out of the global financial system by the warrantless financial mass-surveillance regime, aka the global AML regime, a lifeline: https://www.coindesk.com/money-reimagined-ugly-side-kyc-aml-obsession https://www.coindesk.com/money-reimagined-ugly-side-kyc-aml-... >>At a 2015 blockchain event, Nairobi-based bitcoin pioneer Elizabeth Rossiello answered an audience question about the impact on Somalians of a recent shutdown in remittance inflows after the U.S. government had labeled the country a “high-risk jurisdiction.” The AZA Group CEO’s answer was blunt: “They starve.” Remember, under financial-mass-surveillance (AML) laws, you're guilty until proven innocent, and your nationality and residency can be considered as proof of guilt.