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lemme expand on this a little bit.
getting money out of china is annoying. before crypto existed, there existed black market tradfi currency dealers. Old capital flight model is simple, u xfer money from china account to their china account, they xfer money from their hk account to ur hk account (or vice versa). $ is now washed without any real connection. Professional black market currency dealers can operate near-indefinitely without being caught (know people personally who have been using specific people for decades). With crypto, things become even easier and everything becomes exacerbated (as you can imagine).
Asia is a giant network of middlemen. The concept of “doing business” as a career middleman is how the majority of self proclaimed business men make a living. Connecting deals and taking a bit of finders fee basically. Negotiating deals they will often upcharge one side and lowball the other, pocketing the spread. This profit is best received in something like USDT on TRON because crypto is confusing to the boomers who are in charge of these deals. It is also easy to coordinate washing and off ramping with currency dealers from point 1. People don’t understand how much skimming happens on all deals in Asia. Chinese business men are generally have low understanding of crypto but they all have well educated children who understand the tech much better.
Asia is also basically onchain irl in the sense that you have literal Ponzi schemes and money games being spun up constantly (mainly from Malaysia with marketing done in mainland China). People REALLY underestimate the value captured by these schemes (it is like a hydra). When you consider points 1 and 2 as well as the “opaqueness” of crypto to most people + the grey/black business model of mlm/ponzi/money games, I don’t think I need to explain why they choose TRON USDT.
There’s lot of other shit that I don’t feel like explaining so that’ll be it for now.
lemme expand on this a little bit.
getting money out of china is annoying. before crypto existed, there existed black market tradfi currency dealers. Old capital flight model is simple, u xfer money from china account to their china account, they xfer money from their hk account to ur hk account (or vice versa). $ is now washed without any real connection. Professional black market currency dealers can operate near-indefinitely without being caught (know people personally who have been using specific people for decades). With crypto, things become even easier and everything becomes exacerbated (as you can imagine).
Asia is a giant network of middlemen. The concept of “doing business” as a career middleman is how the majority of self proclaimed business men make a living. Connecting deals and taking a bit of finders fee basically. Negotiating deals they will often upcharge one side and lowball the other, pocketing the spread. This profit is best received in something like USDT on TRON because crypto is confusing to the boomers who are in charge of these deals. It is also easy to coordinate washing and off ramping with currency dealers from point 1. People don’t understand how much skimming happens on all deals in Asia. Chinese business men are generally have low understanding of crypto but they all have well educated children who understand the tech much better.
Asia is also basically onchain irl in the sense that you have literal Ponzi schemes and money games being spun up constantly (mainly from Malaysia with marketing done in mainland China). People REALLY underestimate the value captured by these schemes (it is like a hydra). When you consider points 1 and 2 as well as the “opaqueness” of crypto to most people + the grey/black business model of mlm/ponzi/money games, I don’t think I need to explain why they choose TRON USDT.
There’s lot of other shit that I don’t feel like explaining so that’ll be it for now.
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