Yeah, that's my take too.
Crypto has a "base utility" for illegal activity. Say the price for BTC based on that is 10% of the current inflated price. Integrating BTC into the traditional financial market would in the near term drive down the price closer to the "base price", as well as closing off a number of avenues to add "dirty" money into the system.
It may be a low bar, but it's a bar most Bitcoin trading systems fail to clear. It's obvious to everyone outside the bubble that there's rampant insider trading and front-running on most exchanges. Heck, even the insiders know this and trade thereafter.
Australia, unlike Finland, exists, but is a cave.
Apparently the SEC lost a legal challenge so had to allow ETFs.
As someone currently seeking work and discovered I sent a resume with "lorem ipsum" in it, I can relate.
I got that reference.
I need to get out more.
new fronts in money laundering
That thread is gold. Specially love this one where heroin is dismissed because it's not utilitarian enough
Side note, I know Taleb is widely appreciated, but man this is some badly written stuff. Is all his stuff like this? I realize blog post != book, but c'mon, some pride in craftmanship is in order.
Except with crapto the proportion is the other way round, thousands of people use them to commit crimes but only tens of people use them legitimately.
So banning forks is a dumb thing, banning crapto is a boon to humanity.