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A comment on Binance's books are a black box, filings show, as it tries to rally confidence. Parent comment

Re:Binance's books are a black box, filings show, as it trie... by arcticbull on Monday December 19, 2022 @02:18PM (#34056320)
> So the Russian and Iranian people who are not at fault for their governments misgivings are supposed to be shut out of the global financial system too?

If it helps exert pressure then financial sanctions are strictly better than kinetic war. The ability to end around those sanctions can lead to significantly more death and suffering - both there and potentially elsewhere. It's not about fairness it's about minimizing harm. If you disagree, vote.

> Thank Satoshi for true net neutrality.

No thanks man. Seems like an interesting cult y'all have there.

[ Parent | on HN ]
Re:Binance's books are a black box, filings show, as it trie... by corv on Monday December 19, 2022 @02:41PM (#34056637)
Cryptocurrency proponents have taken on an almost religious stance, I'll give you that.

Then again fanatical users speaks to good product design somewhere

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Re:Binance's books are a black box, filings show, as it trie... by AlexandrB on Monday December 19, 2022 @03:35PM (#34057295)
> Then again fanatical users speaks to good product design somewhere

Or to a conflict of interest. Unlike consumer products, crypto usually ends up being worth more if more people are using it. Most crypto proponents hold some crypto and have a financial incentive to get more people into it.

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Re:Binance's books are a black box, filings show, as it trie... by corv on Monday December 19, 2022 @03:55PM (#34057556)
The same is true of the telephone, smartphones, the internet, etc.

Metcalfe's law applies here as the utility of the network rises with the number of participants.

[ Parent | on HN ]
Re:Binance's books are a black box, filings show, as it trie... by Jensson on Monday December 19, 2022 @04:03PM (#34057673)
No the same isn't true, I can't sell my telephone for more just because there are more other people with phones.
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