Re:I Wasted 8 Years of My Life in Crypto
by user34283 on Monday December 08, 2025 @06:18AM
(#46191005)
From OP's post;
> you could send a billion dollars to anyone in the world in a few seconds. That belief is powerful and I still ascribe to it.
I'm sorry, but that just seems idiotic. Ever heard about anti-money laundering or KYC?
It is not desirable to send a billion dollars internationally "to anyone" within seconds, and certainly not without checks and irreversible. The core idea was fundamentally unrealistic from the very start.
> you could send a billion dollars to anyone in the world in a few seconds. That belief is powerful and I still ascribe to it.
I'm sorry, but that just seems idiotic. Ever heard about anti-money laundering or KYC?
It is not desirable to send a billion dollars internationally "to anyone" within seconds, and certainly not without checks and irreversible. The core idea was fundamentally unrealistic from the very start.