telepathy

9 ms·

31.
by telepathy 3y ago
Lots of non crypto services do that too. We're looking for a lawful use case that can only be done with crypto. Still nothing from you nutcases.
32.
by telepathy 3y ago
Is this still a talking point? This was a buzz word like half a decade ago
33.
by telepathy 3y ago
That bitcoin and mailing beanie babies have no meaningful and lawful utility. By utility I mean benefit. It will be a dead giveaway that you're biased and intellectually dishonest if you ask for the definition of utility.
34.
by telepathy 3y ago
1. Badly governed countries still have laws you are required to obey - regardless of your opinion. 2. Beanie babies would be the only third option. There is no 4th option. 3. They could use beanie babies.
35.
by telepathy 3y ago
Oh well then you're just talking about drug revenue (and worse). lol @ 90% approval lol yeah me too It seems you've reached a conclusion based on a gut feeling, and are constructing arguments to back your viewpoint. This hints tha
36.
by telepathy 3y ago
Yeah it's also not circumventing banking regulations to mail a beanie baby. What's your point?
37.
by telepathy 3y ago
Everyone seems to hate bitcoin in el salvador: https://www.youtube.com/results?search_query=bitcoin+el+salv... Billions per day is basically wash trading by quants. What % of that is actual merchant transactions for goods o
38.
by telepathy 3y ago
Bitcoin isn't money, and adoption by merchants has never been lower. I was talking about the original vision.
39.
by telepathy 3y ago
The law doesn't care whether it solves their problem. It doesn't make it lawful to circumvent banking regulations. Governments have bills to pay and it's illegal to disobey.
40.
by telepathy 3y ago
A "financial institution" is just an entity that is legally allowed to engage in sending money from one party to another. So the vision is just "let's make something illegal"?
41.
by telepathy 3y ago
Why would they prefer crypto? What's the lawful utility of it?
42.
by telepathy 3y ago
That's because it's either illegal or legally too expensive to give them banking services. You're not describing a tech problem. Banking tech exists. You don't get to decide what random countries want to do with their mo
43.
by telepathy 3y ago
So why don't you simply explain a few lawful use cases that are impossible with an ordinary database? Just do that and case closed, you win.
44.
by telepathy 3y ago
You didn't give an example of sending money. You gave an example of database transaction of an exchange traded token. Sending IOUs that need to be changed into money isn't the same thing as sending money. > The regulatory hurdl
45.
by telepathy 3y ago
Can you explain the lawful utility of crypto?
46.
by telepathy 3y ago
It's a prerequisite for the vast majority of law abiding people. Not everyone is a fringe crypto activist willing to take legal risks.
47.
by telepathy 3y ago
Well AI has actual utility and new functionality. Unlike crypto.
48.
by telepathy 3y ago
Are you under the impression that governments lack the technology necessary not to print money? They're in charge, you don't get to disagree unilaterally. That's not an option.
49.
by telepathy 3y ago
Are you running for elected office? If not, then you're suffering from delusions of grandeur.
50.
by telepathy 3y ago
My "hand" is expressing that nobody has successfully been able to explain the lawful utility of crypto. Whatever you're doing now is certainly no exception. It's not my fault that you can't explain, but you simultan
51.
by telepathy 3y ago
Inventing tech to circumvent law is obviously "unlawful"
52.
by telepathy 3y ago
This is the jurisdiction of courts, not some shady blockchain
53.
by telepathy 3y ago
Just observation
54.
by telepathy 3y ago
I thought you said the problem was bad monetary policy. Why not focus on improving that? That's not a tech problem, it's a policy problem.
55.
by telepathy 3y ago
So you're saying the only value of crypto is some fringe act of civil disobedience that has so far been futile and riddled with fraud. Cool
56.
by telepathy 3y ago
The freelancers I hire in third world countries want to be paid with Upwork. Not crypto.
57.
by telepathy 3y ago
It's also not unlawful for you to flush it down the toilet. What's your point? We're looking for a use case that can't be done with a regular database. Why are you selecting litecoin as your example, out of curiosity? Wh
58.
by telepathy 3y ago
This is the standard Web3 type delusions of grandeur that hypes everyone up. Developers don't have a say in such matters. They're not policymakers. Wrong profession.
59.
by telepathy 3y ago
The value of crypto has always been some fringe act of futile civil disobedience? Yikes
60.
by telepathy 3y ago
How does crypto help change the law to become fair? As opposed to just facilitating unlawful activity.

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