Comment by Cthulhu_
2 months ago
Exactly, it's a solution looking for a solved problem. The digital banking you listed out-perform crypto as well, and have heaps of checks and balances, auditing, and guarantees from central banks. All that will need to be reinvented for "crypto" shit, and they need to show some proof as to why it's better before they get the billions of buy-in required.
Well, I think crypto does solve a couple important problems faced by many speculative markets and casinos: Regulation and taxation. It's any scammer, grifter, and thief's paradise!
Truth. I think the major reason Tether continues to exist is because the USG has that place wired.
It's a paradise for all kinds of scum and dark people, like pedos, human traffickers, drug dealers, ransom hackers, mafias etc. And all this receives a great care from the current fascists USA government, who invested in crypto a lot, I suppose.
I thought it was supposed to solve the problem of being kicked out of the banking system if you offend the wrong people?