Binance's books are a black box, filings show, as it tries to rally confidence

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.

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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

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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.

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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.

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