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General Discussion

Bluetus

(2,279 posts)

12. Really?

Reply to BadgerKid (Reply #9)

Mon Jun 9, 2025, 06:53 PM

Jun 2025

"Crypto is useful for tracking ownership and transaction history"

People keep saying that, but every week, there is a new case of millions of dollars disappearing and nobody can figure out what happened to it.

Is there any example anywhere of legitimate commerce being transacted with any imaginary currency?

Maybe I'm old fashioned, but this looks like a classic case of The Emperor's New Clothes.

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Highlight:

Tech Crypto CEO accused of laundering $500 million linked to sanctioned Russian banks [View all] nitpicked Jun 2025 OP

Just a guess... after a few months of rescheduling court dates, and it ain't big news anymore Torchlight Jun 2025 #1

From the DoJ PR nitpicked Jun 2025 #2

Surprise Surprise Surprise Faux pas Jun 2025 #3

Thanks, you said it for me. mdbl Jun 2025 #13

You're welcome Faux pas Jun 2025 #16

so trump/musk/thiel didn't get their cut. ret5hd Jun 2025 #4

most crypto is just money laundering and tRump crypto a way to get russian money to the tRump crime family. nt ImNotGod Jun 2025 #5

"Most"? Seems to me it is ALL just scams. Bluetus Jun 2025 #7

Buying ayahuasca on the dark web JoseBalow Jun 2025 #15

Serious question: Is there actually ANY use of cryopto for legitimate transactions? Bluetus Jun 2025 #6

Your scenario is the art collector's view. BadgerKid Jun 2025 #9

Really? Bluetus Jun 2025 #12

From the time it was conceived Crypto was designed and intended to bypass normal regulation and identity records to Ford_Prefect Jun 2025 #17

Pardon incoming RSN 0rganism Jun 2025 #8

This is why Trump has a "Pardons Czar". Pay the Czar enough and go on your way. Midnight Writer Jun 2025 #10

How long until Orange Julius Seizure Hassler Jun 2025 #11

As long as people are stupid enough to buy into it mdbl Jun 2025 #14

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