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Early_Adopter
Community Champion

Binance CEO dropped in the bin…

Where will I trade my BroCoin now..?

https://www.bbc.com/news/technology-67492753
2 Replies
Caute_cautim
Community Champion

@Early_Adopter    This is huge, I wonder will they survive, their credibility is shot.

 

Regards

 

Caute_Cautim

Early_Adopter
Community Champion

Yeah - as a CEO casual money laundering for the Iranians is a bit more than a mistake.

I don’t think they can realistically. SBF is going down for a long time, and given the way blockchain works independently of the notamal trading systems it’s hard to know who holds the private key - and internally unless you build in robust controls you can move the control of those keys around hot/cold wallets effectively giving you an auditless transfer which is ideal for sanctions busting etc.Anyway, it’s fascinating, and tragic how far we are from Hal Finney’s vision.

Right now Bitcoin and freinds help those in the know make bank, help the rich have fun but with a few exceptions don’t help the common man/woman - to be useful(and stop QE inflation away rich nations debt at the expense of the poor) those rich nations need to create their own reputable crypto currencies.