Hacker News new | ask | show | jobs
by cornholio 1016 days ago
AI is undoubtedly useful, perhaps not revolutionary as heralded.

Crypto was never anything else than a grift. The only true feature of de-fi is to evade financial regulators, for a time, and enable large scale movements of shady money.
1 comments
ColoursofOSINT 1016 days ago
Nice contradiction.

> Crypto was never anything else than a grift.

Ah, alright then, I guess it's not useful for anything.

> evade financial regulators

Sounds useful to me!

> enable large scale movements of shady money.

Large scale movements of money? Super useful!

link
cornholio 1016 days ago
>> Crypto was never anything else than a grift.

>Ah, alright then, I guess it's not useful for anything.

No. It's a simple English sentence: it means it's not useful for anything else other than grifting. The grifters find it particularly useful, just like MLMs, traditional ponzi schemes, HYIPs etc. But that doesn't mean any of those grifts are "useful".

> Nice contradiction.

Only for the monkey jpeg brigade, who feel that the artificial demand from criminals laundering money and posing as legitimate crypto investors is a feature, not an unacceptable bug.

If the only ones using it are criminals, then it's no longer useful even for them, because the whole point is to claim legitimate crypto profits.

link
ColoursofOSINT 1016 days ago
> it's not useful for anything else other than grifting.

I've paid for my domains and vps with crypto, I can pay for my search engine, send donations to non-profits I support, so there's your use case. I don't even have to hand over my personal banking information, so no worrying about data breaches, another use case!

I'm sure you would consider paying for a legal service to be a legitimate use case.

> monkey jpeg brigade

Whoa, name calling, well that always shows the strength of your argument.

> who feel that the artificial demand from criminals laundering money and posing as legitimate crypto investors is a feature

Didn't realize I was a NFT supporter by calling out your contradiction. Oh, and a straw man too, always nice to see. Also, technology can be abused? Who would have thought?

Its a shame that primary users are the criminal masterminds who've apparently become art connoisseurs of monkey jpegs.

I don't seem to remember supporting "laundering money". Do you mean in the same way that banking at HSBC, BYN Mellon, Deutsche, Swedbank, Danke and others is supporting money laundering? [1-6] Or how banking with BoA is supporting fraud? [7]

Although its nice to see that you believe in "legitimate crypto investors".

1: https://archive.nytimes.com/dealbook.nytimes.com/2014/06/30/... 2:https://www.bloomberg.com/news/articles/2019-02-20/swedbank-... 3:https://www.acfcs.org/news/419424/Danske-Bank-reveals-Estoni... 4: https://www.nytimes.com/2005/11/09/business/bank-settles-us-... 5:https://www.theguardian.com/business/2019/apr/17/deutsche-ba... 6:https://www.investopedia.com/stock-analysis/2013/investing-n... 7:https://www.justice.gov/opa/pr/bank-america-pay-1665-billion...

> If the only ones using it are criminals, then it's no longer useful even for them, because the whole point is to claim legitimate crypto profits.

Uh, sure? Sounds good man.

link