crypto

GENIUS Act passes the Senate 68-30 

A huge moment for stablecoins and the new global economy we are all building together

A NEW DAY ONE

I respectfully disagree.

With the GENIUS Act the old economy is killing off the last bits of the peer-to-peer money dream. Permissioned and $-backed crypto isn't crypto, imo. It's just another layer of speculation controlled by bankers.

Worst of all, the surging stablecoin market is set to become a new bailout for the financial elite, but this time it won't be at taxpayers' expense. Instead, it'll be funded by our money - the crypto community's funds used to prop up obligatory dollar reserves. After that, defi will disappear. Only the BTC remains. 

It's perfectly okay to be a degenerate, make money, and have fun, but let's not confuse it with financial freedom.

tech & culture /worldview /p-doom /aicoin /digitallove (mod) pdoom 0x30f562C291034a71390678b78f765bc78152fc84, aicoin 0x34d1ff3D195e17E706DaF98462006A5D5Ec57eF0

I was always here for debanking and decentralization, so I always hold mostly BTC, as the most decentralized one. I lost a lot on altcoins too.

I still believe in defi, but after LUNA catastrophe I do not see a way forward. The faith and trust are gone. For sure adding another eurodollar-like level goes nowhere...

On my way in the world of cryptocurrencies, initially I really believed in Bitcoin, but I stupidly watched the channel (tears of satoshi), where he said that Bitcoin will cost 0 and buy altcoins. I made a big mistake. Now I regret it very much. Now I don’t have Bitcoin. And it is very expensive now.