News for hackers. Stuff that matters.
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Re:Banks Are Fleeing Crypto. Bitcoin Investors Should Be Wor... by vachina on Monday January 09, 2023 @07:59PM (#34318858)
I’m not going to pretend Bitcoin is the bane of human existence, I have a hunch that a majority of the people cheering Bitcoin’s (alleged) rise either is a fraudster or a grifter.
Re:Banks Are Fleeing Crypto. Bitcoin Investors Should Be Wor... by tnel77 on Monday January 09, 2023 @08:07PM (#34318916)
I see what you did there. Agree to disagree, I suppose.
Re:Banks Are Fleeing Crypto. Bitcoin Investors Should Be Wor... by chpatrick on Monday January 09, 2023 @08:02PM (#34318883)
Or it's just an environmental disaster and the biggest vehicle for fraud in the last 10 years.
Re:Banks Are Fleeing Crypto. Bitcoin Investors Should Be Wor... by Gigachad on Monday January 09, 2023 @08:41PM (#34319216)
Anyone who enjoys living on a habitable planet has a vested interest in the fail of crypto.
Re:Banks Are Fleeing Crypto. Bitcoin Investors Should Be Wor... by guenthert on Monday January 09, 2023 @08:09PM (#34318933)
It's an environmental burden and we have plenty of those already, no need to invent more. Good riddance!
Re:Banks Are Fleeing Crypto. Bitcoin Investors Should Be Wor... by tnel77 on Monday January 09, 2023 @08:13PM (#34318959)
Is Bitcoin worse for the environment than the banking sector? I know the banking sector handles more than just sending/receiving money (mortgages for example), but people act like the existing system is the poster child for the green movement.
Re:Banks Are Fleeing Crypto. Bitcoin Investors Should Be Wor... by Daishiman on Monday January 09, 2023 @09:53PM (#34319891)
Yes, much worse. Next question?
Re:Banks Are Fleeing Crypto. Bitcoin Investors Should Be Wor... by dleslie on Monday January 09, 2023 @08:11PM (#34318952)
I made money in the crypto ponzi scheme. Glad it is on its way out.
Re:Banks Are Fleeing Crypto. Bitcoin Investors Should Be Wor... by alphanullmeric on Monday January 09, 2023 @08:05PM (#34318904)
Certain people take issue with financial privacy, and not being able to regulate other people’s wallets.
Re:Banks Are Fleeing Crypto. Bitcoin Investors Should Be Wor... by timmytokyo on Monday January 09, 2023 @08:13PM (#34318967)
I don't tend to associate privacy with an asset whose transactions are recorded in a public ledger for all to see.
Re:Banks Are Fleeing Crypto. Bitcoin Investors Should Be Wor... by alphanullmeric on Monday January 09, 2023 @08:19PM (#34319013)
Do you support forcing KYC laws onto exchanges? Or the cryptocurrency transaction tracking laws in the EU? I’m looking for a yes or no answer.
Re:Banks Are Fleeing Crypto. Bitcoin Investors Should Be Wor... by lern_too_spel on Tuesday January 10, 2023 @12:53AM (#34321029)
Yes. Why should cryptocurrencies allow fraudulent money transfers to North Korea and not banks that can do them more cheaply? Hint: there is no good reason. Regulation will catch up.
Re:Banks Are Fleeing Crypto. Bitcoin Investors Should Be Wor... by alphanullmeric on Tuesday January 10, 2023 @03:45AM (#34322102)
A page pulled right out of the anti encryption talking points book. Im glad we agree that you oppose my financial privacy. Redistribution of consequences is fantastic. Surely you support the patriot act too right? Or is that too much consistency to expect out of you?
Re:Banks Are Fleeing Crypto. Bitcoin Investors Should Be Wor... by lern_too_spel on Tuesday January 10, 2023 @03:11PM (#34330792)
I support consistency in regulation. You don't? Of course not, because consistent regulation would demonstrate that your beloved distributed ledger is simply a colossal waste of energy.
Re:Banks Are Fleeing Crypto. Bitcoin Investors Should Be Wor... by alphanullmeric on Tuesday January 10, 2023 @04:07PM (#34331510)
Well at least you’re consistent in violating other people’s privacy.
Re:Banks Are Fleeing Crypto. Bitcoin Investors Should Be Wor... by timmytokyo on Tuesday January 10, 2023 @07:51PM (#34333595)
Do you use bitcoin? What makes you think you have any privacy? Bitcoin is not anonymous; it's pseudonymous. If you're using it, your every transaction can be traced by anyone. That's the opposite of privacy.
Re:Banks Are Fleeing Crypto. Bitcoin Investors Should Be Wor... by galaxyLogic on Monday January 09, 2023 @08:06PM (#34318907)
Can you short-sell bitcoin?
Re:Banks Are Fleeing Crypto. Bitcoin Investors Should Be Wor... by paxys on Monday January 09, 2023 @08:15PM (#34318983)
You can short sell anything.
Re:Banks Are Fleeing Crypto. Bitcoin Investors Should Be Wor... by galaxyLogic on Monday January 09, 2023 @09:05PM (#34319416)
Except, don't sell yourself short :-)
Re:Banks Are Fleeing Crypto. Bitcoin Investors Should Be Wor... by jamst174 on Monday January 09, 2023 @08:06PM (#34318911)
I just prefer old fashioned ponzi schemes like Agway and Herbalife