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A comment on Ethereum founder on U.S. crypto crackdown. Parent comment

Re:Ethereum founder on U.S. crypto crackdown by CPLX on Saturday September 23, 2023 @11:35AM (#37624210)
It’s worth noting that gambling and crime (of the evading money transfer restrictions variety not the stealing kind) are perfectly useful applications for a technology.

That’s all crypto has ever been and all it will be. But that’s pretty big. Gambling is one of the most enduring and appealing activities humans engage in. Lock people in a prison with only walls and cigarettes and they’ll figure out how to do it. People will populate an empty desert to do it.

So there’s that.

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Re:Ethereum founder on U.S. crypto crackdown by kmeisthax on Saturday September 23, 2023 @11:42AM (#37624263)
>of the evading money transfer restrictions variety not the stealing kind

At least in the western world these are synonyms, and everywhere else it's still more often that the tech is used for theft than for authorized-but-illegal transactions. Irreversible, censorship-resistant transactions are like rocket fuel for cybercriminals.

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Re:Ethereum founder on U.S. crypto crackdown by CPLX on Sunday September 24, 2023 @05:36AM (#37631515)
Not really.

The original killer app for crypto was sending people money in exchange for drugs, which fits my description quite neatly.

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