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This seems to me the same as their old pronouncements. Nothing new as in newsworthy. Maybe they are doing this as a reminder of their older announcements? Sort

This seems to me the same as their old pronouncements. Nothing new as in newsworthy. Maybe they are doing this as a reminder of their older announcements? Sort of like "I told you so!"

mettamage 5y ago
A friend of mine that works in the industry as a business developer for Chinese blockchain firms since 2017 said the exact same thing! My market perspective: "Everything is priced in." Apparently, not in the crypto markets. Old news is new news, apparently. Policy perspective: The more DeFi becomes a thing, the less a policy like this will matter. It will still matter a lot, but it will pack less of a punch due to decentralized services. My overall perspective: If crypto still feels as speculative (in terms of trading crypto) 10 years later, then I feel the experiment to find a good use-case has ran for long enough.
- Loughla 5y ago
  >If crypto still feels as speculative (in terms of trading crypto) 10 years later, then I feel the experiment to find a good use-case has ran for long enough. Maybe I'm taking this to a place you didn't intend, or maybe this is an ignorant question but. . . . What is the US market now, compared to 10 years ago. My experience is that 10 years ago Bitcoin was used to either buy drugs, or as a bet made by college kids that they could make easy money. And. Well. It seems still pretty much the same in terms of existing primarily as a speculative tool.
  - mettamage 5y ago
    I'd agree, but I'm willing to wait and see for 10 more years. For one, I do see some developments nowadays that are making me excited (not money related). Also, tackling blockchain problems is hard. And in all fairness, the speed at which you can send Ripple and similar cryptocurrencies is actually quite cool. It's a shame that it's mostly in its own little bubble still. > Bitcoin was used to either buy drugs In all fairness, I'm not necessarily against it. I'm not pro, but I do believe that many drug laws in most countries are against the idea of freedom. And I find it a comforting yet troubling thought (for different reasons) that cryptocurrencies fight against that (troubling: a 13 year old buying/using some very strong drugs, comforting: a 31 year old doing it for experimentation -- freedom is important).
    - mikestew 5y ago
      I swear I spend half my upvotes these days on grey comments that, AFAICT, someone simply disagrees with. In this case, the commenter was foolish enough to answer someone's question in a manner free from jackassery; stay classy, HN.
Jensson 5y ago
They banned crypto mining before, but did they really ban crypto transactions before?

This seems to me the same as their old pronouncements. Nothing new as in newsworthy. Maybe they are doing this as a reminder of their older announcements? Sort of like "I told you so!"

mettamage 5y ago

A friend of mine that works in the industry as a business developer for Chinese blockchain firms since 2017 said the exact same thing! My market perspective: "Everything is priced in." Apparently, not in the crypto markets. Old news is new news, apparently. Policy perspective: The more DeFi becomes a thing, the less a policy like this will matter. It will still matter a lot, but it will pack less of a punch due to decentralized services. My overall perspective: If crypto still feels as speculative (in terms of trading crypto) 10 years later, then I feel the experiment to find a good use-case has ran for long enough.

Loughla 5y ago
>If crypto still feels as speculative (in terms of trading crypto) 10 years later, then I feel the experiment to find a good use-case has ran for long enough. Maybe I'm taking this to a place you didn't intend, or maybe this is an ignorant question but. . . . What is the US market now, compared to 10 years ago. My experience is that 10 years ago Bitcoin was used to either buy drugs, or as a bet made by college kids that they could make easy money. And. Well. It seems still pretty much the same in terms of existing primarily as a speculative tool.
- mettamage 5y ago
  I'd agree, but I'm willing to wait and see for 10 more years. For one, I do see some developments nowadays that are making me excited (not money related). Also, tackling blockchain problems is hard. And in all fairness, the speed at which you can send Ripple and similar cryptocurrencies is actually quite cool. It's a shame that it's mostly in its own little bubble still. > Bitcoin was used to either buy drugs In all fairness, I'm not necessarily against it. I'm not pro, but I do believe that many drug laws in most countries are against the idea of freedom. And I find it a comforting yet troubling thought (for different reasons) that cryptocurrencies fight against that (troubling: a 13 year old buying/using some very strong drugs, comforting: a 31 year old doing it for experimentation -- freedom is important).
  - mikestew 5y ago
    I swear I spend half my upvotes these days on grey comments that, AFAICT, someone simply disagrees with. In this case, the commenter was foolish enough to answer someone's question in a manner free from jackassery; stay classy, HN.

Jensson 5y ago

They banned crypto mining before, but did they really ban crypto transactions before?