4 ms·
They’re not big enough to be a weapon. Keep in mind the Cold War was as much an economic war as the other aspects. That was countless $billions. The space race
by ineedasername 4y ago
They’re not big enough to be a weapon. Keep in mind the Cold War was as much an economic war as the other aspects. That was countless $billions. The space race alone through 1973 cost a quarter $trillion and that was a minor bit of spending compared to military and intelligence agencies.
The US recently during the Covid shutdowns rapidly spent and extra $trillion, then did it again 3 more times roughly a year. This is essentially done via minting fiat money.
The US also has too many strategic interests in Europe to allow an economic attack there either, although all of crypto is still too small to bother the EU to any high degree in terms of an economic attack.
Finally, Binance may be filled with criminal gains but criminals frown on people taking their money so if anything Binance, to the extent it’s resources have criminal origins, is constrained in deploying them beyond a certain point to defend their business.
No, Binance is far from immune to collapse, it’s just that if they start down that pathway then the criminals will be pretty insistent on being first in line to get their money out.