US SEC sues Coinbase, one day after suing Binance

Re:US SEC sues Coinbase, one day after suing Binance by scottiebarnes on Tuesday June 06, 2023 @12:44PM (#36215553)

The majority of gold usage is in investment/central bank reserve. Technology applications are a fraction of the usage. Jewelry is a major usage, however part of the reason for its use in jewelry is a hybrid combination of its store of value properties (ex. in Indian culture afaik, gold jewelry plays a large part in passing down wealth, families gift gold jewelry at weddings etc.).

So you consume bitcoin the same way a central bank consumes gold: by sitting on it, selling it when you need to, or buying more in times of expected turmoil.

Bitcoin is far younger than gold (12 years vs thousands), so its obviously more volatile.

https://www.statista.com/statistics/299609/gold-demand-by-in...

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Re:US SEC sues Coinbase, one day after suing Binance by mulmen on Tuesday June 06, 2023 @12:52PM (#36215682)

Trading something doesn’t consume it. That’s a very confusing overloading of terminology.

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Re:US SEC sues Coinbase, one day after suing Binance by scottiebarnes on Tuesday June 06, 2023 @01:30PM (#36216245)

Well consumer comes from the base word consume, which by definition includes the buying of a good or service, which is essentially a trade.

Consume:

- eat, drink, or ingest (food or drink).

- buy (goods or services).

- use up (a resource).

- (especially of a fire) completely destroy.

- (of a feeling) absorb all of the attention and energy of (someone).

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Re:US SEC sues Coinbase, one day after suing Binance by mulmen on Tuesday June 06, 2023 @02:10PM (#36216843)

I was asking an honest question but I don't like being trolled. Have a nice day.

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Re:US SEC sues Coinbase, one day after suing Binance by skinnymuch on Tuesday June 06, 2023 @02:39PM (#36217231)

How would you be trolled? You asked and you got answered. What are you disagreeing with?

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Re:US SEC sues Coinbase, one day after suing Binance by mulmen on Tuesday June 06, 2023 @02:49PM (#36217356)

None of these responses answer the question.

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Re:US SEC sues Coinbase, one day after suing Binance by scottiebarnes on Tuesday June 06, 2023 @02:20PM (#36216986)

Not sure why you think you're being trolled. Have a good one.

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Re:US SEC sues Coinbase, one day after suing Binance by dcow on Tuesday June 06, 2023 @02:21PM (#36216998)

You’re not bing trolled? Wat.

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