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Cloudflare Introduces NET Dollar

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61–70 of 79 posts

Re: Cloudflare Introduces NET Dollar

#61
post #29

Earlier quoted context omitted.

A basket of currencies and value stores seems like it would be the least volatile.

> basket of currencies and value stores seems like it would be the least volatile For whom? The least volatile asset relative to dollars are dollars. The moment you start building a money-market fund you have novel risks, from credit to rates and FX. (And, in the extreme, legal.)

> For whom

For people outside of the US.

Re: Cloudflare Introduces NET Dollar

#62
I assume this is for people who don’t want their sites crawled and ingested for AI training. With the goal of making it cost-prohibitive to do so.

Of course, one side effect will be crippling search engines as well. Maybe less important for driving traffic in the social media era?

Re: Cloudflare Introduces NET Dollar

#63
post #61

Earlier quoted context omitted.

> basket of currencies and value stores seems like it would be the least volatile For whom? The least volatile asset relative to dollars are dollars. The moment you start building a money-market fund you have novel risks, from credit to rates and FX. (And, in the extreme, legal.)

> For whom For people outside of the US.

> For people outside of the US

They’re better off with their own currency or an international currency (currently, Euros or dollars). Almost never a basket. (The IMF has SDRs. And various trade-weighted baskets are constructed for metric purposes. They aren’t practical instruments.)

Re: Cloudflare Introduces NET Dollar

#64

I assume this is for people who don’t want their sites crawled and ingested for AI training. With the goal of making it cost-prohibitive to do so. Of course, one side effect will be crippling search engines as well. Maybe less important for driving traffic in the social media era?

[deleted]

Re: Cloudflare Introduces NET Dollar

#65

I assume this is for people who don’t want their sites crawled and ingested for AI training. With the goal of making it cost-prohibitive to do so. Of course, one side effect will be crippling search engines as well. Maybe less important for driving traffic in the social media era?

People are trying to separate search crawling from AI crawling but Google is strongly resisting. I don't know how it will play out.

Re: Cloudflare Introduces NET Dollar

#67
post #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?

> 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...

Ah, I see their end goal here. You can either use a full browser to download data from websites (which is what most people will still do), but they provide a temptation to just pay CloudFlare to bypass their Turnstile (which corporations might go for, then they'll probably try to expand this to the average person too).

Basically, "pay to bypass our CAPTCHA!".

Re: Cloudflare Introduces NET Dollar

#69

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.

I mean.. That's factually not true, it's lost tons of value, it's currently 1.53, what are you talking about? You're either very confused Or just a straight up liar.
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