We asked the SEC for reasonable crypto rules. We got legal threats instead

Re:We asked the SEC for reasonable crypto rules. We got lega... by GoblinSlayer on Thursday March 23, 2023 @08:15AM (#35273510)

Cryptocurrency is money, you can send them no questions asked, without begging fiat gatekeepers to let the transaction through mining the hell out of your personal information, your clothes, your boots and your motorcycle.

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Re:We asked the SEC for reasonable crypto rules. We got lega... by ProjectArcturis on Thursday March 23, 2023 @11:46AM (#35276600)

This isn't about coins, it's about staking.

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Re:We asked the SEC for reasonable crypto rules. We got lega... by GoblinSlayer on Friday March 24, 2023 @04:00AM (#35286283)

It's about coins having no use except for staking.

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Re:We asked the SEC for reasonable crypto rules. We got lega... by ryan_lane on Thursday March 23, 2023 @08:43PM (#35283601)

> without begging fiat gatekeepers

To purchase the coins you need to use an exchange. To sell the coins you need an exchange. Cryptocurrency isn't usable without fiat, and it's value is based on fiat.

Unless you're using very specific coins (which aren't allowed on most exchanges), your transaction history is public to the world, which is worse from a privacy perspective than fiat. If you really used coins as your primary currency, it would be pretty trivial to obtain your identity from your transaction history.

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Re:We asked the SEC for reasonable crypto rules. We got lega... by GoblinSlayer on Friday March 24, 2023 @05:35AM (#35286900)

>Cryptocurrency isn't usable without fiat

You mean it's not convertible to fiat when fiat fails? That's what I mean too: fiat fails.

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