Re:Binance US No Longer Allows USD Withdrawal for Users
by throwawayqqq11 on Wednesday October 18, 2023 @12:18PM
(#37930895)
Relying on something volatile sounds like a contradiction to me and trust is the core of all currencies.
Every crypto "currency" was dead the moment they dropped stability for personal/miners gains.
Edit: Imagine a system where nodes would gain progressively less by dicovering new blocks but would prevent a timed decay of their wallets by doing so. A naive inverted incentive structure.
It really makes me happy that cryptocurrecy is here to stay despite the constant groaning and moaning. One day, even folks like hn will face the same issues that forced people to rely on it and they will be glad that it exists too :)
Edit: less downvoting, more useful discussion.