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Crypto showing there's a reason for the gazillion pages of bank regulation

Posted on 6/13/22 at 9:55 pm
Posted by Street Hawk
Member since Nov 2014
3596 posts
Posted on 6/13/22 at 9:55 pm
Call me old school, but its true.

How it started...




How its going...

Posted by Jon Ham
Member since Jun 2011
29612 posts
Posted on 6/13/22 at 10:00 pm to
That company just reeks of scam.
Posted by tirebiter
7K R&G chile land aka SF
Member since Oct 2006
10730 posts
Posted on 6/13/22 at 10:03 pm to
All about Community, bruh.
Posted by Ross
Member since Oct 2007
47827 posts
Posted on 6/13/22 at 10:20 pm to
how the hell is using a centralized custodian that takes control of your keys and has the ability to restrict what you do with your property being "unbanked"

being "unbanked" is having a hardware wallet and utilizing self-custody. What a stupid advertisement.
Posted by GoldenBoy
Winning!
Member since Nov 2004
42080 posts
Posted on 6/13/22 at 10:22 pm to
The biggest bitcoin advocates are against exchanges, too. Celsius is essentially operating as a bank, so you are correct when it comes to regulation. However, bitcoin owners should operate as their own bank to fully enjoy the value of bitcoin. As with anything, investor behavior is a huge factor in financial success.
Posted by tenderfoot tigah
Red Stick
Member since Sep 2004
11520 posts
Posted on 6/13/22 at 10:31 pm to
Celsius is the complete opposite of what crypto was designed for.

Crypto's entire purpose is to remove middle men like Celsius.

Not your keys, not your coins.
Posted by sawtooth
Baton Rouge
Member since Jul 2017
3588 posts
Posted on 6/13/22 at 10:56 pm to
It’s all a scam.

Posted by tenderfoot tigah
Red Stick
Member since Sep 2004
11520 posts
Posted on 6/14/22 at 12:39 am to
quote:

It’s all a scam.


That's a very broad stroke.

Explain how Ethereum is a scam.
Posted by thegreatboudini
Member since Oct 2008
7098 posts
Posted on 6/14/22 at 5:10 am to
The crypto baws will be in here after their morning yoga and chai tea to call you a boomer.
Posted by SlidellCajun
Slidell la
Member since May 2019
16061 posts
Posted on 6/14/22 at 7:19 am to
Quick question
Who created bitcoin?
Posted by BottomlandBrew
Member since Aug 2010
29312 posts
Posted on 6/14/22 at 7:46 am to
A lot of the people use use crypto don't want bank regulation. They're fine with the risk/reward ratio in an unregulated market. If you want a safe place to keep funds, you trade off for lower interest and go with a traditional bank that pays almost nothing. If you want a risky place to keep money that pays high interest, use crypto. Your choice.
Posted by METAL
Member since Nov 2020
1601 posts
Posted on 6/14/22 at 7:48 am to
You clearly don’t understand what crypto was created for.
Posted by tenderfoot tigah
Red Stick
Member since Sep 2004
11520 posts
Posted on 6/14/22 at 3:23 pm to
quote:

Who created bitcoin?

Richard Heart
Posted by boomtown143
Member since May 2019
9407 posts
Posted on 6/14/22 at 4:10 pm to
quote:

Crypto showing there's a reason for the gazillion pages of bank regulation



Sad, grown men needing more regulations and Government these days.

We used to champion freedom.

Now we need daddy government for everything
This post was edited on 6/14/22 at 4:12 pm
Posted by PUB
New Orleans
Member since Sep 2017
20698 posts
Posted on 6/14/22 at 6:08 pm to
Disruptive
Game Changing
The Future
Decentralized

And Blah, Blah, Blah BS
Posted by JayDeerTay84
Texas
Member since May 2013
9956 posts
Posted on 6/14/22 at 6:15 pm to
quote:

The crypto baws will be in here after their morning yoga and chai tea to call you a boomer.


I don’t do that. I do motocross boomer.
Posted by Shankopotomus
Social Distanced
Member since Feb 2009
21082 posts
Posted on 6/14/22 at 6:27 pm to
it does, and all the signs were there.

I have some USDC stuck and am already writing it off in my head ... fortunately I started withdrawing within the past couple weeks but didn't do all of it

so F em, I hope Nexo pulls off the buyout
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