Life Under Biden.
vimothy
yurp
the problem us authorities face is that, if they want the banking system to manage a CBDC (since they dont want to manage the liability side, or damage the financial system), it's not obvious what the advantages of a CBDC are from a consumers POV versus a deposit held a bank which is covered by deposit insurance
Clinamenic
Binary & Tweed
The lack of deposit insurance is a drawback for holding any assets on custodial crypto exchanges, for sure. The main advantage of using stablecoins is really composability, a benefit the nuance of which is lost on most people. Plus, barring mixer/tumbler protocols and a couple other confusing things, on-chain accounting should be significantly easier than off-chain accounting.
forclosure
Well-known member
its interesting how cypto and bit coin went from being this secretive thing that nobody could really tell what it was being used for to gambling
or if you listen to certain black capitalists the way black people can "liberate" themselves from the grip of banks etc etc its just the ancient argument about "buying power" but with a slightly more libertarian bent to it
Clinamenic
Binary & Tweed
Honestly the buying power argument has some legs to it here. Certain tokens allow governance rights within DAOs, and certain DAOs directly manage protocols, so anyone can buy governance power in the web3 layer of the internet.
Clinamenic
Binary & Tweed
To me that is as appealing as the potential for capital gains. In some respects its a land grab, but most of the people speculating on these tokens don't understand what exactly their speculating on.
Leo
Well-known member
gotta give credit to any 79 year old who's still out biking. in better shape than the fat slob we had in office before, but that's not saying much.
vimothy
yurp
I don't think stable coins are the relevant comparison for most ppl. most ppl hold deposit accounts with banks in the tradfi system. what's the advantage, to them, of a central bank digital currency, held at and managed by their bank?
Clinamenic
Binary & Tweed
Yeah to me CBDCs are only interesting if we're talking about stablecoins, which isn't a given. Short of leveraging that technology, I really don't see the point of a CBDC, and if anything I'd have reservations about the prospects. Maybe there are good arguments, I'm just not aware of them.
Mr. Tea
Let's Talk About Ceps
"Haha, he fell off his bike, the silly decrepit old cunt! Hahaha!!!"
Murphy
cat malogen
deaf to America!
in the lust for western power you have to be seen to be working hard, exercising regularly and a loving dog owner. my Mum is early 80’s and does power walking round Belfast with a group of old girls. admit to being concerned if she phoned up saying she’d bought a 2nd hand Raleigh Grifter and was out razzing it
the Grifter brought stability with a robust frame, speed and mobility. cars respect no such things. same with driving, oblivious to kerbs and this is meant in a truly benevolent way - you don’t get taught at school how to manage ageing relatives and death, you have to learn by seeing it close up and personal to empathise. nation states are similar, look at Putin. when does Vlad know it’s last orders? curious to see Putin’s dinner of the day
there’s a cut-off with age and the pressures of position, surely. I’ve known plenty of sharp 85+year olds but head of the US is 365/7 and even 80 is going some
in the lust for western power you have to be seen to be working hard, exercising regularly and a loving dog owner. my Mum is early 80’s and does power walking round Belfast with a group of old girls. admit to being concerned if she phoned up saying she’d bought a 2nd hand Raleigh Grifter and was out razzing it
the Grifter brought stability with a robust frame, speed and mobility. cars respect no such things. same with driving, oblivious to kerbs and this is meant in a truly benevolent way - you don’t get taught at school how to manage ageing relatives and death, you have to learn by seeing it close up and personal to empathise. nation states are similar, look at Putin. when does Vlad know it’s last orders? curious to see Putin’s dinner of the day
there’s a cut-off with age and the pressures of position, surely. I’ve known plenty of sharp 85+year olds but head of the US is 365/7 and even 80 is going some
Anyone been following the latest story about the least popular President in history's ghastly son? Probably not, it's being memory holed by the media. But here's a pictorial summary 
Mr. Tea
Let's Talk About Ceps
You are literally invulnerable to concept of irony, aren't you?
I mean, to a virtually superhuman extent.
U mad, bro?