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Joined 2 years ago
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Cake day: June 15th, 2023

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  • No, the Crypto part is important, because it makes it trivialize easy to issue any number of tokens (trillions? quadrillions? 2^64?) and then trade with them. Gift cards still have the limitation that you need a network to accept them, and they are commonly understood in accounting practices so retailers need to account for them.

    How can we be sure that some random stablecoin is really backed by currency 1:1 like they claim? The largest stablecoin in use today is Tether, which claims to have over $100B in circulation, all “backed 1:1”. But every audit they have released has been deficient in some way. You would think with that much money in a bank somewhere people could figure out where it all is.


  • I applaud the author for realizing that the real threat is coming from inside the (White) House…

    The politicization of law enforcement has acquired a new dimension during the ongoing immigration crackdowns, when the Administration has sometimes seemed to allow its agents to disguise their identities or affiliations so that it is often unclear to detainees whose custody they are in, or under what authority. (If the vigilantes have been encouraged to act as cops, the actual cops have also been encouraged to act a bit more like vigilantes.)




  • No, Bonds are regulated.

    This is more like Disney Dollars. Remember those? Disney used to print their own money, that people could “buy” 1:1 to the Dollar, that was only redeemable at their properties. The idea was that kids going to Disney could get Disney Dollars as gifts from their relatives ahead of a trip to Disney, and then they could spend it just like cash. You could never redeem it back to USD, though, just spend it on stuff. So if you had any of the scrip left over, you had to hold it until the next time.

    Disney discontinued printing the scrip years ago, because gift cards do the same thing, only better. They still accept Disney Dollars, but ironically their discontinuation made them scarce and they sell for more than face value as collectibles.

    This bill allows any entity to create their own crypto-enabled version of Disney Dollars, collecting real money in exchange. What happens if the entity goes out of business, or “gets hacked”? I don’t think this bill addresses any of that.









  • This is gonna have to get a more thorough read from me when I am off work, saved for later. However, these people think the election was stolen through the device’s UPS? I find that hard to believe.

    Let’s think this through logically. We’re supposed to believe that in all the battleground states, Democratic voters were so disillusioned by Vice President Harris’s platform that they voted blue down ballot—but flipped to Trump at the top of the ticket?

    I mean, if the average lemming is any indication, Harris was a genocide-enabling cop who they would never vote for. (And a bunch of others used “I didn’t like her policies” as a polite way of saying “I won’t ever vote for a woman”.) So yeah, that tracks.

    Where these people see a conspiracy, I just see people who didn’t think things through.