This is only really interesting if you can use it with out KYC
Which would be illegal since it's not compatible with various laws.
Cloudflare Introduces NET Dollar
11–20 of 79 posts
Re: Cloudflare Introduces NET Dollar
#12Earlier quoted context omitted.
this coinslop means less bankslop which is actually an improvement, they're undoubtedly baking their "dollar" with tbills and they get to make 4 percent on every dollar transacted with no counterparty risk besides the full faith and credit of the US Government.
> means less bankslop which is actually an improvement Why is the standard tied directly a single for profit company an improvement to the system that isn't tied to any specific wntity and anyone can use?
Presumably because it's really super duper convenient for the single for-profit entity that possesses an outstanding majority of the minted coinage.
Woohoo! I freaking love coinslop!
Re: Cloudflare Introduces NET Dollar
#13Is US dollar backed a good thing? At this point we should be backing things on gold, platinum.
The Australian dollar has gone up about 20% vs the American dollar since Trump.
Re: Cloudflare Introduces NET Dollar
#14I actually had to double check it wasn't April 1st.
Re: Cloudflare Introduces NET Dollar
#15"Rules, triggers, and workflows can be embedded directly into payments, making them smarter and adaptable." -- are they smart contracts? What kind of workflows? Does the workflow involve sending messages to agents or making HTTP requests?
Re: Cloudflare Introduces NET Dollar
#16This is only really interesting if you can use it with out KYC
I don't think there is any KYC for stablecoins.
Re: Cloudflare Introduces NET Dollar
#17Re: Cloudflare Introduces NET Dollar
#18Earlier quoted context omitted.
> means less bankslop which is actually an improvement Why is the standard tied directly a single for profit company an improvement to the system that isn't tied to any specific wntity and anyone can use?
Presumably because it's really super duper convenient for the single for-profit entity that possesses an outstanding majority of the minted coinage. Woohoo! I freaking love coinslop!
yay for coinslop! transparent usage of currency by robots... no way is it better than a bunch of rolled up swift transfers/wires.....
coinslop not routed through the bankslop rail is still an improvement.
Re: Cloudflare Introduces NET Dollar
#19"Rules, triggers, and workflows can be embedded directly into payments, making them smarter and adaptable." -- are they smart contracts? What kind of workflows? Does the workflow involve sending messages to agents or making HTTP requests?
> Does the workflow involve sending messages to agents or making HTTP requests?
It looks like it will be an API for agents [1].
[1] https://cloud.google.com/blog/products/ai-machine-learning/a...
Re: Cloudflare Introduces NET Dollar
#20I actually had to double check it wasn't April 1st.
402 Payment Required will be a thing we see very often soon.