U.S. traders are buying 'digital residency' in Palau to skirt restrictions on the amount of cryptocurrency they can withdraw and the exchanges they can use. Major exchanges have already banned the ID, fearing abuse.
  • fpslem@lemmy.worldEnglish
    1·
    10 days ago

    It’s just grift all the way down with crypto, isn’t it? Scams layered on scams layered on scams.

    • REDACTED@infosec.pubEnglish
      11·
      2 days ago

      What do you think “decentralized currency” stands for? I was actually quite surprised my drug money was being used for purchase of legit goods at some point, but that didn’t really last as regulated currency is far more reliable.

    • exploitedamerican@lemm.eeEnglish
      01·
      8 days ago

      All money is a grift. Its nothing more thsn s way to bypass the value of bartered and traded commodities with real value. As so we can live in a class dictatorship where our surplus labor value is stolen so a few sociopaths can live in extreme opulent luxury at our expense