News for hackers. Stuff that matters.

A comment on SEC asked Coinbase to halt trading for everything except Bitcoin (FT). Parent comment

Re:SEC asked Coinbase to halt trading for everything except ... by etherael on Monday July 31, 2023 @05:50AM (#36940462)
How is "people steal it therefore it isn't worth anything" a legitimate argument?
[ Parent | on HN ]
Re:SEC asked Coinbase to halt trading for everything except ... by vkou on Monday July 31, 2023 @11:26AM (#36944056)
The argument is 'The only use case it is good for is fraud. Fraud dwarfs all the other use cases.'

Shares in a ponzi scheme aren't worthless, but the only use case for running one is fraud.

[ Parent | on HN ]