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Not that I'd complain about one less pointless blockchain in the world, it's just funny.
I actually had to double check it wasn't April 1st.
But I am sure this will really be the crypto coin to power the internet’s transactions. All the previous ones got it wrong, this is the solution. /s
Instead of this, we need a central bank that can provide everyone with a direct account to stop all the banking speculation. That’s the instant transactions I want.
They're calling this a stablecoin but AFAICT there's no direct mention of blockchains or decentralization or anything else along those lines, have we wrapped all the way around to using crypto nomenclature to talk about plain old centralized ledgers? Not that I'd complain about one less pointless blockchain in the world, it's just funny.
Edit: I was not wrong.
They're calling this a stablecoin but AFAICT there's no direct mention of blockchains or decentralization or anything else along those lines, have we wrapped all the way around to using crypto nomenclature to talk about plain old centralized ledgers? Not that I'd complain about one less pointless blockchain in the world, it's just funny.
That said, they’re emphasising speed. (“Instant.”)
That seems to preclude using a major, public blockchain. (On the other hand, they don’t talk up privacy.)
Hooray! More coinslop!
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.
Is 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.
Holy buzzwords Batman. But I am sure this will really be the crypto coin to power the internet’s transactions. All the previous ones got it wrong, this is the solution. /s Instead of this, we need a central bank that can provide everyone with a direct account to stop all the banking speculation. That’s the instant transactions I want.
Hard nope from me post Trump. We don’t need the President having potentially unregulated and direct visibility into and access to every American’s bank account.
(And no, it’s not currently the case. The FBI still has to e.g. request records, a process which creates friction and the potential for pushback or whistleblowing.)