91–100 of 147 posts
Earlier quoted context omitted.
Russia is committing to a genocidal war, this is why they have sanctions against them. They are literally state-sponsors of terrorism and they're funding privately operated terrorist groups. Rapes, murders, destruction of civilian infrastructure, it's all well documented.
Quoted post unavailable.
Remember folks stablecoins have exactly 2 stable states, 1 and 0.
Baloney. Many stablecoins are not pegged 1:1 to USD, for a strict example see Rai. If a stablecoin has enough collateral, then the managers (human or algorithmic) can let the peg loosen in order to purchase and burn the coin at a discount or mint and sell the coin at a premium. That said I’m being a bit pedantic as the specific design of USDD (as well as UST) has that property since the collateral is correlated to th…
The point is that the ability to maintain the peg is the only important value of a stablecoin, if this is brought into question it will be tested. Once it is tested it will either hold, thus 1 or fail and reside permanently at 0. The exact implementation of the peg management - human, algorithm or otherwise doesn't change this fact.
Earlier quoted context omitted.
So traditional banking systems are good now? Depends being very invasive to privacy and being a tool of mass surveillance?
Whataboutism isn’t an argument, it’s just a silent admission of guilt, trying to make people look the other way. Criticism of our existing financial systems is valid but it’s a different topic, it does make society happen and has tremendous value. Crypto has negative value. It undermines society, and it actively facilitates crime.
Attempting to invoke the thankfully largely-discarded concept of "whataboutism" is actually just a kind of backhanded ad hominem used to avoid making a real argument and instead try to make people "look the other way".
Criticism of the existing financial system in the context of discussing a proposed replacement for it is about as related a discussion as possible.
Simply stating that all crypto is bad/criminal adds nothing of value to the discussion.
The truth is that there are (as there generally is with new technologies), useful and practical purposes to which they are applied. Indeed, the majority instances so far of "crypto" having caused harm has actually been the result of an ordinary centralised trust-based fraud donning the label "crypto" to draw in victims to loot.
The #1 mantra of crypto has always been "not your keys, not your coins". Had it been followed, instead of perverted into its opposite and mislabelled "crypto", the most heinous of these scams would not have been enabled.
The thing most actively facilitating crime and fraud in "crypto" lately is the profoundly misguided belief that giving your money to someone you've never met you saw on TV is safer than keeping it in your own wallet.
Crypto is not to blame for that belief, it was invented to provide an alternative.
Earlier quoted context omitted.
Russia is committing to a genocidal war, this is why they have sanctions against them. They are literally state-sponsors of terrorism and they're funding privately operated terrorist groups. Rapes, murders, destruction of civilian infrastructure, it's all well documented.
Quoted post unavailable.
Earlier quoted context omitted.
While your comment style is a bit aggressive you have a point: Bush and Blair would belong into an international court for starting an attack war, just like Putin. My personal "sanctions" to the US are that I don't travel there anymore. I visited the country around 2 dozens times and I mostly liked it. But after 9/11 only twice and now not for nearly 12 years. 2 Bushs, homeland security, Manning/Assange/Snowden, and…
Biden is not a spark of hope. There is a reason Obama didn't endorse him quickly. Note that he wanted to start the Russian war when Russia invaded Crimea in 2014 as a VP but Obama had to personally intervene and veto the war because he knew instability in that region would blow up. Biden is nothing like Obama. He is an old timer who has zero mental cognitive ability beyond trying to save his son's investments in Ukra…
The only thing I’m aware of is that Hunter was a non-executive director of Burisma, a private oil company, but that he resigned in 2019 during Biden’s election campaign and 3 years before the war.
Anything more?
Earlier quoted context omitted.
Quoted post unavailable.
[flagged]
https://www.theguardian.com/world/2004/sep/16/iraq.iraq "Iraq war was illegal and breached UN charter, says Annan"
Even if George Bush went around US punching everyone in their face and telling them that all the wars were war crimes, Americans would accuse him of being a Kremlin apologist.
What is the purpose of “stable” coins? If you want a thing that is worth a dollar, why not just use dollars? Or use Belize dollars. They’re worth $0.50 by law and have no instability issues.
The problem isn't the concept, it's the backing. If the Fed were to announce an official USD stablecoin on Ethereum the chain could be used for international settlement. Of course, that will never happen as having the ability to restrict capital flows is a key power government wants to retain.
Earlier quoted context omitted.
Whataboutism isn’t an argument, it’s just a silent admission of guilt, trying to make people look the other way. Criticism of our existing financial systems is valid but it’s a different topic, it does make society happen and has tremendous value. Crypto has negative value. It undermines society, and it actively facilitates crime.
Whataboutism is whataboutism. Attempting to invoke the thankfully largely-discarded concept of "whataboutism" is actually just a kind of backhanded ad hominem used to avoid making a real argument and instead try to make people "look the other way". Criticism of the existing financial system in the context of discussing a proposed replacement for it is about as related a discussion as possible. Simply stating that all…
>Attempting to invoke the thankfully largely-discarded concept of "whataboutism" is actually just a kind of backhanded ad hominem used to avoid making a real argument and instead try to make people "look the other way".
Moments of clarity like this are one of the main reasons I keep coming back to this place. :D