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Matt Levine, yesterday: > A decent rule of thumb is that all cryptocurrency exchanges are doing crimes, and if you’re lucky your exchange is doing only process

• ambicapter 4y ago
  pithy, but there's already a saying that says, on average, people commit 3 felonies a day?
  • sjsdaiuasgdia 4y ago
    There's a big difference between the average American incidentally violating felony statutes in the course of every day life, and the cryptocurrency situation where it's never really a question of whether they are intentionally committing crimes. There's questions of which crimes, how big, and whose funds get lost/stolen...but there's always crimes.
    • tim333 4y ago
      A lot of why there are crimes is that crypto is inherently global but there two hundred or so different countries out there making ever changing and vague laws so allowing someone to exchange one token with another one will probably violate some regulation in some country.
      • WastingMyTime89 4y ago
        No need to go that far. Crypto main selling point is anonymity. There is not significant bitcoin exchanges out there which is not processing crime money and I mean actual crime: extortion, drug trafficking, human exploitation and let’s not even talk about fraud. There is no need to whitewash them.
  • quantified 4y ago
    Which is generally not true anyway, same as lots of sayings.