“[S]tablecoins and crypto are just fundamentally useless-at-best and harmful at worst. …
Unless you’re a criminal, there are no use cases for these currencies.”
@jaredb-econ.bsky.social + @weakinstrument.bsky.social ▶️ why “the so-called #GENIUSAct is a dangerous piece of legislation.”
Unless you’re a criminal, there are no use cases for these currencies.”
@jaredb-econ.bsky.social + @weakinstrument.bsky.social ▶️ why “the so-called #GENIUSAct is a dangerous piece of legislation.”
Comments
I believe there's value to be had in blockchain technology, but this ain't it.
The definition of a Ponzi scheme. That also undermines fiat currency.
https://bsky.app/profile/murshedz.bsky.social/post/3lq5vhvdnck2a
And since transaction fees are more than the bread costs already…
A stark warning 4 Ds like @kirstengillibrand.bsky.social championing a currency of choice for scammers, terrorists etc that may lead 2 another financial meltdown necessitating a massive tax payer bailout