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I am glad the crypto bros stopped this nonsensical narrative on blockchain. At least now they can admit cryptos exist for money laundering. Oh, wait. They stil
by lvl155 2y ago
I am glad the crypto bros stopped this nonsensical narrative on blockchain. At least now they can admit cryptos exist for money laundering.
Oh, wait. They still don’t.
- ilrwbwrkhv 2y agoI think a lot of folks in tech got carried away with it. For example, the whole a16z Marc Andreesen shift to the right has a really simple explanation. They over leveraged themselves in their crypto investments and Trump was the only one who would not regulate crypto and keep the valuation from crashing. So to save their investments they have to do this whole drama now.
- lvl155 2y agoTo be completely fair, crypto is an ingenious money laundering vehicle. And money laundering is going to happen whether we like it or not because people will continue to engage in illegal economic activities.
- chrchr 2y agoBut money laundering is an especially noxious crime because it enables and incentivizes all the other large scale crimes.
- sanderjd 2y agoStill short sighted though. I feel like they are speed running "how to create backlash".
- this_user 2y ago"Carried away" implies that they didn't know what they were doing rather than cynically exploiting a bubble they knew would collapse eventually.
- m00dy 2y agoI would use cash for that. Especially US dollar.
- ghaff 2y agoIt's probably increasingly hard to launder large sums of cash.
- deleted 2y ago[deleted]
- herculity275 2y agoMost of them have pivoted to LLMs since that's where the money is