Crypto isn't currency. It isn't even an asset. It is a financial virus designed to privatize money, let corporations run chit-based company stores, and cut nations & central banks off from their own money supply.
Regulated stablecoins are a way for the parasite to get easier control of the host.
Regulated stablecoins are a way for the parasite to get easier control of the host.
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how would that work?
and there is no way that normies can figure this stuff out considering no stores take it, wallets are complicated, and offers slow transactions
maybe in some stupid ancap freedom city thing it might be used
He will start by insisting countries pay US in 'his crypto' forcing them to deal with 'his bank' then he'll move on to US payments to others, take it or leave it
If Social Security is paid in it, people will have no choice; open an a/c and take it, & the shops they spend at, will have to take it.
It's not about 'wanting it' it's about wanting/needing what it buys
-We'll pay for your product in Crypto, that's what it will be.
- If you want buy our products, you must pay in Crypto, they'll change their $$ to do it
THAT IS BUSINESS when a vendor/buyer has leverage
Won't happen overnight, but it can happen
Euro isn't used in USA, not relevant
Every other purpose they serve falls under some category of what you said.
Even I can see that, and I withdrew from the one Econ course I ever took.
Those concepts are incompatible. Have fun being manipulated by the oligarchs you probably claim to hate.
Which is a legal use to fund illegal activity.
Oh. Yea. Facts. Dang.
Facts Hurt. I know.
Not anything else.
At least in the current form that being pushed by oligarchs.
Crypto ≠ currency, it is utility infra.
Stablecoins ≠ Parametric volatility risk transfer: users specify collateral ratios & terms, LPs/peers bid via trustless sealed auctions. Carbon neutral smart contracts then issue any-peg tokens; asymmetric payoff structure allocates upside to LPs.
By 2035 90% of the worlds power generation will be expended on crypto and AI if we continue at the present rate.
Energy and the Petro-dollar
https://www.youtube.com/watch?v=b-7dMVcVWgc
De-dollarisation will put an end to it. Developing countries are choosing increasingly to use local currencies are America becomes more erratic.
Cryptobros are literally the dumbest people alive. 🙄
You're a dumbass crypto bro.
https://researchers.mq.edu.au/en/publications/sex-drugs-and-bitcoin-how-much-illegal-activity-is-financed-throu
Me: wut. Its being gamed the exact same way as banks. Right now.
I got out at 47.5 and never looked back.
raw crypto is even easier to track since its all public
let's be honest all these guys hype up bitcoin even though its easily the worst crypto out of all of them
https://papers.ssrn.com/sol3/papers.cfm?abstract_id=5250986
ancap is just pure fantasy
yarvin is an idiot, all of his ideas are god awful but appeal to tech bro brainrot
just look at his take on cryptogaphic guns warlords can turn off remotely to prevent rebellions
— But don't you buy crypto with real money? So people who have more money still have more money, but also can't be regulated now?
— You just don't get it man...