just checking in on the financial revolution that was meant to sidestep banks, tech giants, and the state

#crypto #cryptocurrency

@molly0xfff

If the left doesn't occupy those spaces, the Nazis do. The left only have themselves to blame for not seizing the means, and waiting for the corrupt to occupy and own all infrastructure.

@vruz @molly0xfff That's like saying churches should run casinos to keep the mob out.
@soviut You don't even make any sense.
@vruz @molly0xfff if mental gymnastics gets added to the next olympics, you're a solid candidate for gold medal.
@leitzke You may use your brain too, if you try.
@vruz @molly0xfff why would the left want to occupy that space? We'd eventually get out-grifted by the grifters anyway.
@vruz @molly0xfff what meandering bullshit is this? The point here is that it's grift all the way down. The 'left' explicitly wanted none of this shit.
@fiigvam Do I know I you idiot? Why do you address me at all?

@vruz @molly0xfff

These aren't spaces for the left.

Now we have a system with a more or less neutral state, giving out currency and collecting taxes.

There is work that needs to be done and money is an incentive system.

But some perverted the rules of our economy and make disproportionally much money from owning stuff.
They don't need a neutral state.

Competing cryptocurrencies are a hyper-excessive version of this. HODL what you own.

The left should work on a less competitive system.

@AdeptVeritatis

And you are the pope of the left dictating leftie law from above?

Just out of your arse, juse becasue?

@vruz @AdeptVeritatis they're seizing the means bro quit tryna slow them down

@vruz @molly0xfff

And by the way, we didn't inherit immense wealth.

We simply don't have the funds to buy the souls of the corrupt.

@vruz @molly0xfff Ah yes the little-known strategy of packing the Nazi bar so full of leftists that there isn't room for any Nazis to enter.
@mrencyclopedia@retro.pizza The most stupid post on the fediverse today. Learn to read and then we'll talk.
@vruz @molly0xfff Glad to hear it. It was a struggle to write something even stupider than what you said.

@vruz @molly0xfff "if the left doesn't commit crimes, the right will."

Um...

@Amoshias The most stupid of non sequiturs you will read on the fediverse today.

@vruz @molly0xfff ok this is probably a stupid idea but I’ll bite:

Why the fuck should the left give a single solitary shit about “occupying” crypto?

@dave

Are you able to read what I said?

@vruz

Lmao no because you blocked me you idiot.

@molly0xfff

Gov, financial sector and corpo's be like:

@molly0xfff Allow me to be the 28435928347936th voice in your replies saying, 🙄

@molly0xfff

Now it's a State-sponsored scam.

@molly0xfff a future where nothing can go wrong. Reminded of this recent gem: https://www.levernews.com/cryptos-new-bailout-fund-your-savings-account/
Crypto’s New Bailout Fund: Your Savings Account

The GENIUS Act would require banks to prioritize stablecoin owners over customers if there’s a financial collapse.

The Lever
@molly0xfff to be fair the last image isn't that bad
@molly0xfff
Tired: Company paper scrip where workers got paid in funnymoney they could only use in the company store.
Wired: Per megacorporation electronic funnymoney you can only use in their stores. Which apparently has been suggested.
@molly0xfff to be fair #Trump IS side stepping the Banks.

@molly0xfff

Cryptocurrencies are and will always be ponzi schemes.

#cryptocurrency #fraud

@molly0xfff Makes me wonder if the demise of the US Dollar is closer than they lead us to believe.
@molly0xfff Still trying to close my Coinbase account. They won't let me

@molly0xfff next up, AI is going to solve world hunger and give the power back to the people!

It's a revolution!

@fromjason @molly0xfff

They'll finally give us flying cars and fitted sheets that are easy to fold!

@molly0xfff if you’d make a “crypto punk is dead” shirt in the style of 80’s punk posters, I’d buy it. Just saying 💅

@molly0xfff

The constant failure of libertarian philosophy to acknowledge critical theory will never not be funny.

They will sell the revolution to you and that's so much easier when it was always about making money

@molly0xfff This is the first I've heard of the concept of a "stablecoin." It... uh... seems to Ignore all the potential benefits cryptocurrency was supposed to have in order to focus on the ease of using it to scam money out of idiots.

@molly0xfff I'm a crypto cynic, but the AMEX one kind of sticks out IMO, given that one of the primary complaints about crypto is how godawfully slow it is.

With this offer you get the benefit of financial transactions handled at speed by a competent processor AND accrue BTC on the back end effortlessly*. I suspect this grift might have some legs.

*probably not effortless, but at least you're not mining

@molly0xfff
They are just happy that the government greenlighted corporate script for the first time in 150 years