Crypto mogul Do Kwon, known as ‘the cryptocurrency king,’ pleads guilty to fraud charges

Comments

• trk@aussie.zone ⁨20⁩ ⁨hours⁩ ago

  Crypto

  Fraud

  Name a more iconic duo

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  • thatonecoder@lemmy.ca ⁨20⁩ ⁨hours⁩ ago

    Repulican

    Pedophile

    Maybe?

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  • YesButActuallyMaybe@lemmy.ca ⁨16⁩ ⁨hours⁩ ago

    Trump Epstein

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  • Alphane_Moon@lemmy.world ⁨20⁩ ⁨hours⁩ ago

    There are only two good use cases for crypto:

    1. Financial speculation
    2. Criminal activity and fraud

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    • sugar_in_your_tea@sh.itjust.works ⁨17⁩ ⁨hours⁩ ago

      And:

      • privacy friendly transactions

      For example, think of:

      • activists and political dissidents
      • victims of domestic abuse
      • people who don’t want banks and governments tracking their purchases

      Bitcoin ain’t it, bit privacy coins like Monero exist and tend to not have as much fraud spam since it doesn’t have as many crazy spikes.

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    • cupcakezealot@piefed.blahaj.zone ⁨19⁩ ⁨hours⁩ ago

      sad thing is that it could be great as an alternative to mastercard/visa but crypto fash have just ruined any attempt to make it appealing to anyone other than crypto fascists.

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    • dhork@lemmy.world ⁨19⁩ ⁨hours⁩ ago

      The main use case for crypto is for peer to peer transactions that do not require the permission of any third party (or government). A secondary use case for crypto is the enablement of self-executing smart contracts.

      The problem is that the financial speculation aspect of crypto has eaten everything else. “Number go up” is now the main use case, and people do t actually transact much with crypto anymore. And the only type of smart contract that has gained any popular use whatsoever is the type that makes more shitty crypto tokens. Any general utility it had years ago evaporated when it became too valuable to transact with.

      Except for those criminals and fraudsters you mentioned: they do put crypto to good use evading government oversight of their transactions. In this respect, crypto is no different than a briefcase full of cash. Yes, you could legally stash a briefcase full of cash in your house, but there are so many better (trackable) places to keep that cash that if the cops found that briefcase in your house wbile executing a search for other reasons, they would cite the existence of that briefcase as proof of sometnig nefarious.

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    • trk@aussie.zone ⁨19⁩ ⁨hours⁩ ago

      I’ve always maintained that the dude who spent like 10,000 Bitcoin to buy a pizza was the first and last legitimate use of crypto.

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  • CosmoNova@lemmy.world ⁨20⁩ ⁨hours⁩ ago

    They‘re practically synonymous.

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  • OrteilGenou@lemmy.world ⁨20⁩ ⁨hours⁩ ago

    Donnie Dump

    Cerebrumpling

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• Diplomjodler3@lemmy.world ⁨21⁩ ⁨hours⁩ ago

  It’s one of the most amazing achievements of American style capitalism to turn fraud into an industry.

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• cupcakezealot@piefed.blahaj.zone ⁨19⁩ ⁨hours⁩ ago

  the venn diagram of cryto nerd assholes and tiny dicks is a circle.

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• dhork@lemmy.world ⁨20⁩ ⁨hours⁩ ago

  I wonder what the going rate is for a pardon? How much $TRUMP does it take?

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