3 ms·
This would pose a huge legal and regulatory risk for Binance. There is a reason why no one is acquiring ponzi schemes.
by janmo 4y ago
This would pose a huge legal and regulatory risk for Binance.
There is a reason why no one is acquiring ponzi schemes.
- paulusthe 4y agoThis is why they're only trying to buy non-US operations. Binance is a fraud too; they invented the "I can use my exchange to create infinite long leverage" business model of apparently every crypto exchange.
- MacsHeadroom 4y agoBinance has never used user deposits for investing and they are leading the industry in transparent proof of funds with their open source proof of reserves protocol. I am concerned about their near new monopoly. But alleging that Binance is involved in these money printing shenanigans is simply baseless.
- UncleEntity 4y ago> I am concerned about their near new monopoly. I’d be concerned if the “last man standing”[0] wasn’t the most responsible one. You’d think we, collectively as a society, learned our lesson from the Wild Cat banking days but, nope, apparently not. [0] I do find it funny you have to use quotes around a common saying because someone will say “how do you know they identify as male?”
- lancesells 4y ago> I am concerned about their near new monopoly. But alleging that Binance is involved in these money printing shenanigans is simply baseless. Can I ask why you are concerned? That they start charging more fees? Isn't crypto decentralized where you don't need to use anyone and it doesn't matter where you live? I don't know a lot about how all this works but isn't the point of crypto that you are divorced from any sort of authority?