Founder of crypto lender Celsius Network arrested, charged with fraud

Re:Founder of crypto lender Celsius Network arrested, charge... by zarzavat on Thursday July 13, 2023 @12:15PM (#36711641)

What global money transmission method doesn’t have transaction fees? Can you name one?

[ Parent | on HN ]

Re:Founder of crypto lender Celsius Network arrested, charge... by bravoetch on Thursday July 13, 2023 @12:33PM (#36711949)

Cash. That's why you have to declare it when you move it around in large amounts.

[ Parent | on HN ]

Re:Founder of crypto lender Celsius Network arrested, charge... by nkrisc on Thursday July 13, 2023 @12:49PM (#36712235)

Cash has a transaction cost: you need to physically present it.

[ Parent | on HN ]

Re:Founder of crypto lender Celsius Network arrested, charge... by InitialLastName on Thursday July 13, 2023 @04:46PM (#36715746)

At scale, you also need to verify it, count it, exchange it, and move it around.

[ Parent | on HN ]

Re:Founder of crypto lender Celsius Network arrested, charge... by ixs on Thursday July 13, 2023 @12:54PM (#36712307)

I would posit that the fee for tje airline ticket or the fuel and upkeep for your car is a transaction fee levied on cash transactions.

Sure, the bill itself is untouched, but the fee is still extracted.

[ Parent | on HN ]

Re:Founder of crypto lender Celsius Network arrested, charge... by CyberDildonics on Thursday July 13, 2023 @02:10PM (#36713603)

I would posit that you didn't explain why these things are related at all.

[ Parent | on HN ]