Former US SEC attorney: 'Get out of crypto platforms now'

Re:Former US SEC attorney: 'Get out of crypto platforms now' by BasedAnon on Tuesday June 20, 2023 @03:26PM (#36409206)

>Other than crime the only other use-case I've seen for crypto is for getting money into Russia

Violating sanctions is a crime. Given the trend we've seen people should start getting used to being considered criminals.

>What am I missing here? What are the cool things bitcoin does that something like visa cannot?

It's easier to send Bitcoin to people without doxing myself than a visa transfer.

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Re:Former US SEC attorney: 'Get out of crypto platforms now' by jacobwilliamroy on Tuesday June 20, 2023 @04:32PM (#36410083)

I've heard that crypto transactions can be more secure but I've also heard that securing information on the blockchain is basically impossible because it is a publicly available ledger. How does bitcoin opsec work exactly?

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Re:Former US SEC attorney: 'Get out of crypto platforms now' by multjoy on Tuesday June 20, 2023 @05:11PM (#36410684)

It's anonymous, not private.

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Re:Former US SEC attorney: 'Get out of crypto platforms now' by BasedAnon on Tuesday June 20, 2023 @06:42PM (#36411741)

You just send it through a mixer beforehand. Also securing information is possible on the blockchain, Monero does it.

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Re:Former US SEC attorney: 'Get out of crypto platforms now' by jacobwilliamroy on Wednesday June 21, 2023 @07:27AM (#36417119)

But we already have "mixers" for normal money. It's called "money laundering". I can't imagine "mixing" remaining legal for much longer.

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Re:Former US SEC attorney: 'Get out of crypto platforms now' by BasedAnon on Wednesday June 21, 2023 @09:31PM (#36427025)

Legality is irrelevant, as long as it's still viable.

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