Re:Former US SEC attorney: 'Get out of crypto platforms now'
by peoplefromibiza on Wednesday June 21, 2023 @09:06PM
(#36426874)
rent is due after you bought the property.
which entails a lot of the aforementioned paperwork and checks and law abidings.
if bitcoin could provide the exact same level of security, it could be used as an asset, granted it failed as a currency.
the problem is it was designed precisely to not adhere to the standards everyone expects from "old-school" transactions, hence its main purpose is speculation, and it's barely good at that right now.
which entails a lot of the aforementioned paperwork and checks and law abidings.
if bitcoin could provide the exact same level of security, it could be used as an asset, granted it failed as a currency.
the problem is it was designed precisely to not adhere to the standards everyone expects from "old-school" transactions, hence its main purpose is speculation, and it's barely good at that right now.