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You do realize this is not something that's unique to the crypto space. [1][2] Seriously dislike this attitude some folks on HN has about crypto, yes there's

You do realize this is not something that's unique to the crypto space. [1][2] Seriously dislike this attitude some folks on HN has about crypto, yes there's massive fraudsters and there's lots of technical issues in this space. But so is most other spaces, fraudsters and criminals didn't happen to suddenly pop up after 2009 you know, they have been here always, everywhere. There's valid uses for crypto and the blockchain, I personally know several folks who were able to move away from war zones with some of their wealth intact thanks to crypto. I know people who send money to their parents back home thanks to crypto, minus the ridiculous fees predatory companies were charging them to send fiat before. Its not all roses sunshine and butterflies, but there's real people who are benefiting from this tech. [1]https://www.bleepingcomputer.com/news/security/canadas-major-banks-go-offline-in-mysterious-hours-long-outage/ https://www.bleepingcomputer.com/news/security/canadas-major... [2]https://www.google.com/search?q=Bank+system+outage&source=lnms&tbm=nws&sa=X&ved=2ahUKEwibtbHWzqr4AhX9IzQIHSsHAf0Q_AUoAXoECAEQAw&biw=1920&bih=968&dpr=2 https://www.google.com/search?q=Bank+system+outage&source=ln...

belltaco 4y ago
Did that coincide with a huge drop in the value of the Canadian dollar and happen to stop people selling CAD for other currencies like USD? Didn't think so. Your point would be more valid if that were true. >yes there's massive fraudsters and there's lots of technical issues in this space. But so is most other spaces, fraudsters and criminals didn't happen to suddenly pop up after 2009 you know, they have been here always, everywhere The disdain of regulation that cryptobros have and the lack of regulation results in a free for all for fraudsters and criminals, compared to regular banking/finances.
lern_too_spel 4y ago
All of your benefits are due to the fact that cryptocurrencies aren't regulated yet. That isn't a technological benefit.

belltaco 4y ago

Did that coincide with a huge drop in the value of the Canadian dollar and happen to stop people selling CAD for other currencies like USD? Didn't think so. Your point would be more valid if that were true. >yes there's massive fraudsters and there's lots of technical issues in this space. But so is most other spaces, fraudsters and criminals didn't happen to suddenly pop up after 2009 you know, they have been here always, everywhere The disdain of regulation that cryptobros have and the lack of regulation results in a free for all for fraudsters and criminals, compared to regular banking/finances.

lern_too_spel 4y ago

All of your benefits are due to the fact that cryptocurrencies aren't regulated yet. That isn't a technological benefit.