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A comment on SEC asks for emergency order to freeze Binance US assets anywhere in the world. Parent comment

Re:SEC asks for emergency order to freeze Binance US assets ... by matheusmoreira on Tuesday June 06, 2023 @07:29PM (#36220556)
Yes, there are. Actual cryptocurrencies: BTC, ETH, XMR. They have an actual blockchain and serve a purpose. Improper cryptocurrencies are tokens built on top of actual cryptocurrencies. All those shitcoins are just tokens implemented as Ethereum Virtual Machine code.
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Re:SEC asks for emergency order to freeze Binance US assets ... by afavour on Tuesday June 06, 2023 @07:36PM (#36220617)
Bitcoin theoretically serves a purpose (if you can stand its delays in settling transactions, which rules out in person stuff) but let’s be real: the vast majority of cryptocurrency use is speculation, not purchase transactions.
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Re:SEC asks for emergency order to freeze Binance US assets ... by matheusmoreira on Tuesday June 06, 2023 @07:54PM (#36220786)
> the vast majority of cryptocurrency use is speculation, not purchase transactions

That doesn't deny its purpose though. I've gotten paid via XMR for programming tasks. Anonymously, even. The fact people treat cryptocurrencies like stocks doesn't nullify that.

The truth is the true source of all problems in this space is the exchanges themselves. They are literally unregulated banks in disguise. Cryptocurrencies should not be regulated at all but exchanges definitely should be.

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