Re:Former US SEC attorney: 'Get out of crypto platforms now'
by api on Tuesday June 20, 2023 @02:54PM
(#36408775)
He's not entirely correct. Crime is a major application but by far the largest use case for crypto is "investing" (gambling) in crypto.
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Re:Former US SEC attorney: 'Get out of crypto platforms now'
by dismalpedigree on Tuesday June 20, 2023 @02:57PM
(#36408805)
Like being famous for being famous!
Re:Former US SEC attorney: 'Get out of crypto platforms now'
by uLogMicheal on Tuesday June 20, 2023 @02:58PM
(#36408820)
The number one facilitator of crime/gambling is USD, might want to check your facts.
Re:Former US SEC attorney: 'Get out of crypto platforms now'
by misnome on Tuesday June 20, 2023 @03:55PM
(#36409606)
On the topic of checking facts, is gambling/crime the number one use of USD, which is the equivalent statement?
Re:Former US SEC attorney: 'Get out of crypto platforms now'
by HDThoreaun on Tuesday June 20, 2023 @04:14PM
(#36409842)
non-sequitor. The question is what bitcoins use is, not how crimes are most often facilitated.
Re:Former US SEC attorney: 'Get out of crypto platforms now'
by vore on Tuesday June 20, 2023 @05:52PM
(#36411192)
You are intentionally reversing the direction of the claim to be disingenuous here. By your logic, the number one facilitator of crime/gambling is also breathing air and drinking water, might want to check your facts.
Re:Former US SEC attorney: 'Get out of crypto platforms now'
by vaxintar on Tuesday June 20, 2023 @02:59PM
(#36408841)
For some people crypto is the only way to keep their wealth away from the hands of faulty and corrupt governments.
Re:Former US SEC attorney: 'Get out of crypto platforms now'
by tyre on Tuesday June 20, 2023 @03:02PM
(#36408880)
Given that almost all of that is violates securities laws, this still fits.
Re:Former US SEC attorney: 'Get out of crypto platforms now'
by Semaphor on Tuesday June 20, 2023 @03:04PM
(#36408926)
I don’t know, I’m relatively certain securities laws do not affect me.
Re:Former US SEC attorney: 'Get out of crypto platforms now'
by uLogMicheal on Tuesday June 20, 2023 @03:13PM
(#36409023)
US securities law effects all US citizens. In current state, they act as a moat for the most profitable investments in society. People claim that securities laws are there to prevent grandmas from getting scammed, but grandmas (and many others) still get scammed on the daily. I would rather them lose $5,000 from investing into a high profit potential startup that could 1000x, instead of a call center in a distant country. US securities laws are geared to give the privileged private knowledge and prevent the poor from getting wealthy in their current state.