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Exactly, it's a solution looking for a solved problem. The digital banking you listed out-perform crypto as well, and have heaps of checks and balances, auditin
by Cthulhu_ 1y ago
Exactly, it's a solution looking for a solved problem. The digital banking you listed out-perform crypto as well, and have heaps of checks and balances, auditing, and guarantees from central banks. All that will need to be reinvented for "crypto" shit, and they need to show some proof as to why it's better before they get the billions of buy-in required.
- evrimoztamur 1y agoWell, I think crypto does solve a couple important problems faced by many speculative markets and casinos: Regulation and taxation. It's any scammer, grifter, and thief's paradise!
- jgalt212 1y agoTruth. I think the major reason Tether continues to exist is because the USG has that place wired.
- dandanua 1y agoIt's a paradise for all kinds of scum and dark people, like pedos, human traffickers, drug dealers, ransom hackers, mafias etc. And all this receives a great care from the current fascists USA government, who invested in crypto a lot, I suppose.
- cgag 1y agoI thought it was supposed to solve the problem of being kicked out of the banking system if you offend the wrong people?