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https://warpcast.com/~/channel/law-policy
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matthewb
@matthewb
from paul krugman's substack: "...stablecoins don’t serve any clearly useful function. They can’t be used to make ordinary purchases, and there’s nothing you can do with them that can’t be done more cheaply and more easily with debit cards, Venmo, Zelle, wire transfers etc. That is, why not just use dollars instead of tokens that are supposedly backed by dollars?" honestly shameful behaviour, lying to your gullible shitlib audience that doesn't know any better. not even worth the time to write a rebuttal but: 1) stablecoin remittances are between 100-1000x cheaper (and faster) than wire transfers, this is a very stupid talking point 2) USDC is backed 1:1 and publishes monthly independent transparency reports, why pretend otherwise? fractional reserve banking is held to a far lower standard and I'd expect an "economist" to know better. https://paulkrugman.substack.com/p/digital-corruption-takes-over-dc
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Ashira 🎨👏🎩
@ashira
I mean there’s a lot that’s corrupt in DC and anyone corrupt will find anything they can use to further act in corrupt ways, but this is some serious throw the baby out w the bathwater type shit from Paul..
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Ashira 🎨👏🎩
@ashira
Wow.. I genuinely thought I liked Paul Krugman at one point but his shit takes keep getting shittier..
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Sam (crazy candle person) ✦
@samantha
I’ll fix him he just needs a candle and to pay in USDC 🤣
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aferg
@aferg.eth
total doofus take
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@BestCryptoTwits
@bestcryptotwits
Bro… you need to study the fraud behind Bernie Madoff, Enron, maybe even TerraLuna UST before you realize how badly this can end up It’s programmable currency, they can just pull the rug out from under for any reason lol Can’t take a dollar out my hand when I’m on the internet, but you can sure fraudulently attribute or take away the value of USDC This is coming from someone who saw that “Canadian dollars” are far more programmable than you expect, if you dare to… use the freedom to protest? (Governments don’t like freedom)
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bashobits 🚅✨🔵💨🫐
@bashobits
💯 bullish for stablecoin adoption and use cases
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Ayush Garg
@axg
stopped reading his hot takes some time back when every other para reeked of pessimism
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ʞɔɐſ
@farcasterjack.eth
This is the dumbest statement I’ve seen, he must know he’s lying and he’s just spewing propaganda/disinfo to appease the liberals who hate crypto. The US dollar is backed by nothing. Stable coins are just as real as USD and I can easily convert USDC or even USDT to dollars and fund my crypto debit card in a matter of seconds. Fuck this guy and his whole audience of ignorant liberals. The left (people like myself) need to embrace crypto and utilize it in a manner that is beneficial to their goals. The right just uses it to profiteer and essentially does pump and dumps. Rn crypto policy and political discourse is so cooked that it’s starting to burn lmao. Fucking frustrating as hell.
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Joshua Fisher ⌐◨-◨
@joshuafisher.eth
Ask him to send you .000001 dollars and see if he can use any of the services he mentioned haha
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REN2140
@ren2140.eth
Bullish TBH man’s a good countersignal
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Joy
@cryptobaddie
Interesting take
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