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Crypto is for criming, as they say. It appears that the use cases are buying illegal guns and drugs, paying ransoms, avoiding taxes and international sanctions

Crypto is for criming, as they say. It appears that the use cases are buying illegal guns and drugs, paying ransoms, avoiding taxes and international sanctions, and bribing world leaders.

haxsyn 9mo ago
watch the video: https://www.youtube.com/watch?v=LhGrk8dp91M https://www.youtube.com/watch?v=LhGrk8dp91M
- bediger4000 9mo ago
  I did that. The video did nothing to dispel the notion that crypto is for criming. Tethered coins exist, the Genius Act provides a quantum of regulation, excellent. Eric Adams recent rug pull shows that regulation isn't effective for humans that don't need to buy illegal guns or drugs, pay ransom to The Com, and upright citizens pay their taxes and obey sanctions.
  - haxsyn 9mo ago
    As a technologist, you should understand that like with any technology or tool, it will be used in good ways, and in bad ways. Those who use it in bad ways will face consequences — legal, reputational, karmic, etc… That still doesn’t take away from the fact that there’s been /considerable/ progress in the crypto space in the last decade, and there are real, tangible, positive benefits today. Writing off the entire Internet in 2000 because it was used for bad things is such a short-sighted take. Just my 2cents, everyone is entitled to their opinion :)
    - bediger4000 9mo ago
      any technology or tool, it will be used in good ways, and in bad ways Oh, absolutely. It's like user interfaces: sure, you can do good formatting in "Word". That's very difficult, so most "Word" output looks terrible. Same with crypto: it's immensely harder to do anything, so almost exclusively crime gets done, because even though cryptocurrency is difficult and expensive to use, it's cheaper and/or easier than money laundering sums in the millions. Your video still didn't address anything new, or why a non-criminal should use it.

Crypto is for criming, as they say. It appears that the use cases are buying illegal guns and drugs, paying ransoms, avoiding taxes and international sanctions, and bribing world leaders.

haxsyn 9mo ago

watch the video: https://www.youtube.com/watch?v=LhGrk8dp91M https://www.youtube.com/watch?v=LhGrk8dp91M

bediger4000 9mo ago
I did that. The video did nothing to dispel the notion that crypto is for criming. Tethered coins exist, the Genius Act provides a quantum of regulation, excellent. Eric Adams recent rug pull shows that regulation isn't effective for humans that don't need to buy illegal guns or drugs, pay ransom to The Com, and upright citizens pay their taxes and obey sanctions.
- haxsyn 9mo ago
  As a technologist, you should understand that like with any technology or tool, it will be used in good ways, and in bad ways. Those who use it in bad ways will face consequences — legal, reputational, karmic, etc… That still doesn’t take away from the fact that there’s been /considerable/ progress in the crypto space in the last decade, and there are real, tangible, positive benefits today. Writing off the entire Internet in 2000 because it was used for bad things is such a short-sighted take. Just my 2cents, everyone is entitled to their opinion :)
  - bediger4000 9mo ago
    any technology or tool, it will be used in good ways, and in bad ways Oh, absolutely. It's like user interfaces: sure, you can do good formatting in "Word". That's very difficult, so most "Word" output looks terrible. Same with crypto: it's immensely harder to do anything, so almost exclusively crime gets done, because even though cryptocurrency is difficult and expensive to use, it's cheaper and/or easier than money laundering sums in the millions. Your video still didn't address anything new, or why a non-criminal should use it.