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A comment on Binance sees $2B in outflows as troubles compound. Parent comment

Re:Binance sees $2B in outflows as troubles compound by nly on Wednesday March 29, 2023 @06:39AM (#35355202)
Typically when a business declines it's because a competitor in the market is picking up the consumers sweet dollar dollar. That's why buying whole markets makes sense.

The entire cryptocurrency universe can go away and people can blow their disposable income betting on the horses or eating out instead. There will be no good or service missing in the market.

[ Parent | on HN ]
Re:Binance sees $2B in outflows as troubles compound by Gh0stRAT on Wednesday March 29, 2023 @10:42AM (#35357991)
>There will be no good or service missing in the market.

A lot of services would go missing, actually!

Ransomeware gangs would no longer be able to easily receive their ill-gotten gains. The North Korean regime would lose a major source of funding. Darknet drug marketplaces would have a much more difficult time facilitating illegal activities. Etc.

[ Parent | on HN ]