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That's a rather narrow view of crypto's uses. What about subverting democracy by bribing the President?
by rwmj 8mo ago
That's a rather narrow view of crypto's uses. What about subverting democracy by bribing the President?
- whynotmaybe 8mo agoFor me it was buying a computer from newegg but I confess I'm not playing in the same league.
- quinnjh 8mo agoWhat was the benefit to you over using USD? (actually wondering)
- whynotmaybe 8mo ago1. Get rid of the few mBTC I had left after I realized how bad I'm at crypto trading 2. Fully live the concept of buying something physical from a virtual money I got by mining some now defunct coins.
- cheema33 8mo agoi.e. No real benefit. And maybe a small drawback of increased transaction fees.
- carshodev 8mo agoHas the lack of crypto ever stopped this from happening? Look up cases of gold bars being found in senators houses, those are actually MUCH less tracable. Shitcoins and Shitstocks(some SPACs) do allow of a legal way to "give" others money through the transfer of value in a way that is technically legal. This again is not crypto specific though.
- greesil 8mo agoSo the best part about being bribed with crypto is if one flees to another country to escape the law, one still has the aforementioned bribes. That plus some measure of anonymity.
- eucyclos 8mo agoAnonymity is the one thing cryptocurrency does not do well. It's much harder to sieze but much easier to trace.
- greesil 8mo agoEthereum does it just fine
- inigyou 8mo ago[dead]
- eucyclos 8mo agoMaybe I should have said naturally rather than well. It's true that if privacy is your focus you can implement a Blockchain that achieves it, but at it's core Blockchain is a ledger of transactions that anyone can audit- privacy is not a natural outcome of that technology. Which IMHO is a positive - no private transactions means corruption gets much harder, and that's always been a core selling point of the technology to me.
- greesil 8mo agoTell me the US president's wallet address and how many payments have been in received. Try.
- ajross 8mo ago> Has the lack of crypto ever stopped this from happening? Undeniably yes, given the number of fraud and money laundering convictions achieved over the years. > cases of gold bars [...] are actually MUCH less tracable. Laughably false, given the difficulty of liquidating such things without detection. If you have to store your ill-gotten gains in your own home you've lost the opsec battle already. I think you're just saying gold bars aren't digital information so don't a priori show up in a query somewhere. But the question that actually needs to be asked is "Did Menendez get caught with gold bars in his home?" Yeah, he did. Ergo, they aren't very "untraceable" in practice.
- xnx 8mo agoHas the scale of bribery ever been as large and as broad before crypto?
- deleted 8mo ago[deleted]
- htx80nerd 8mo agoThere are a dozen better ways than Crypto to bribe politicians.
- alistairSH 8mo agoA Boeing. Straight cash. Naming anirports or other public spaces. The aforementioned shitcoin. What are the others?
- bink 8mo agodonations to an inauguration fund.
- skeeter2020 8mo agoor a presidential library!
- jacquesm 8mo agoVanity movie productions for family members. Real estate deals in various places, if necessary you first bulldoze them with the local military.
- throwaway85825 8mo agoBoeing has an enormous number of subcontractors. If boeing gets orders they'll make sure the subcontractors are in your district.
- alistairSH 8mo agoNot sure what that has to do with the Qatari bribe.
- collingreen 8mo agoIt's another example of a way to bribe politicians. What's the issue?