Ponzi Schemes, Private Yachts, and a Missing $250M in Crypto: Quadriga

Re:Ponzi Schemes, Private Yachts, and a Missing $250M in Cry... by perl4ever on Friday November 29, 2019 @08:23PM (#21667886)

"stablecoins that always match $1 (google USDC), is another lego in the system"

That's not a building block coming out of crypto, it's the application of traditional finance to make it useful. And when you've solved all of the problems, the core technology ends up being pointless. But I'm convinced it will have an effect in the long run, because it will infect traditional banking and eventually in some unforseen way destabilize it. Just because it's so irrationally attractive.

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Re:Ponzi Schemes, Private Yachts, and a Missing $250M in Cry... by bitcoinbutter on Friday November 29, 2019 @09:48PM (#21668208)

Crypto is cash 2.0. It has many flaws, but it also does certain things cash can not. Some examples are high value transfers, long distance transfers, and easy accessibility across borders. You can go ahead and tell me this is only useful for criminals, but you'd be wrong.

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Re:Ponzi Schemes, Private Yachts, and a Missing $250M in Cry... by seibelj on Friday November 29, 2019 @08:34PM (#21667929)

I can't make heads or tails of anything you wrote.

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