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Re:Binance's books are a black box, filings show, as it trie... by patrickaljord on Monday December 19, 2022 @03:01PM (#34056863)
> You have the choice between a free, transparent

Transparent you say? Could you point me to the SEPA explorer where I can inspect every single transaction and account balance please? Here is the one for ethereum https://etherscan.io/ and for bitcoin https://blockchair.com/bitcoin/transactions

Re:Binance's books are a black box, filings show, as it trie... by JanSt on Monday December 19, 2022 @03:06PM (#34056925)
SEPA is transparent for authorities though.

Ethereum and Bitcoin are transparent on transactions but intransparent on beneficial owner. Who is Satoshi?

Re:Binance's books are a black box, filings show, as it trie... by patrickaljord on Monday December 19, 2022 @05:29PM (#34058675)
So SEPA allows the government to spy on us while being a black box to the rest of us while Ethereum and Bitcoin are fully transparent while protecting our privacy. Not sure how this is a good point in favor of SEPA but ok.
Re:Binance's books are a black box, filings show, as it trie... by raverbashing on Monday December 19, 2022 @06:31PM (#34059397)
> while Ethereum and Bitcoin are fully transparent while protecting our privacy

Transparency plays both ways, and be sure that every address can be deanonimized

Re:Binance's books are a black box, filings show, as it trie... by csomar on Monday December 19, 2022 @10:58PM (#34061370)
Every year millions of people start running in circles around a black box building in the middle of the desert. I'm not sure if that's a useful analogy. Might explain why they get so violent if you question their god or their beliefs.
Re:Binance's books are a black box, filings show, as it trie... by survirtual on Tuesday December 20, 2022 @08:26AM (#34065534)
When you put it that way, the landscape makes a lot more sense. Just as there would be no convincing people on a Ramadan pilgrimage to Mecca of a better option, there may not be any convincing people who worship the black box of legacy banking. In fact, they might ridicule / murder you if you do — a tale of caution?

Seems people everywhere are largely the same.