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Some of the use cases of the last year: - Working with companies everywhere in the world, as the bureaucracy of setting up the monetary relationships for, say,
by atemerev 4y ago
Some of the use cases of the last year:
- Working with companies everywhere in the world, as the bureaucracy of setting up the monetary relationships for, say, a Ukrainian immigrant residing in Poland willing to work for a US-based entity, is prohibitive;
- Targeted high-impact donations for Ukraine;
- Basically everything where the official way of doing is too slow or where there is too much red tape.
- JumpCrisscross 4y ago> high-impact donations for Ukraine Crypto donations to Ukraine were a rounding error, and done seemingly more for the purposes of mounting another crypto stunt than actually helping people.
- hiq 4y agoThe post you answered to was too narrow; they should have written "regulatory arbitrage" that this would have encompassed your examples.
- mountainriver 4y agoRight, and I think we've seen with all the crypto fraud that the red tape is there for a reason
- loveparade 4y agoThere was little crypto fraud this year, other than the usual hacks. All the big stories were good old regular fraud by centralized companies that you also see in the fintech space. None of this was enabled by crypto. The problem is that most people don't understand the difference. It was just fraud, not crypto fraud. It's like saying that Theranos is "blood test fraud" and thus we should ban all blood testing. The fact that some founder scammed customers and investors has nothing to do with the market.
- mountainriver 4y agoA lot of the fraud that happened in crypto this last year would have been prevented by regulators in the standard markets. Sometimes regulations are bad and unnecessary, but a lot of time they are there for a reason. The crypto crowd seems to have take the opinion that all regulation is bad
- red-iron-pine 4y ago[flagged]