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Beached Whale posted:I've never understood what butters are aiming for with "banking the unbanked". If I'm a subsistence farmer in a 2nd/3rd world country, being able to access a bank account isn't going to do poo poo for me because I'm already dirt poor and don't have any money to keep in a bank account anyways. The amount of SV-level growth in crypto adoption that crypto true believers think is coming pretty much requires broad adoption outside of first world countries. And what else is a subsistence farmer going to use crypto for at the moment?
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Jul 21, 2021 17:55
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waydownLo posted:Because usury is sinful. Gonna climb out on a limb and suggest that the con artists behind Tether and Circle are probably not devout Muslims. Even if you grant the premise that charging interest is fundamentally immoral, that doesn't necessarily make zero-interest loans a good idea. What economic motivation is there for someone to buy what's effectively a zero-interest debt security from a wildcat bank (but don't call it a security, do not put it in the newspapers that it's a security, we absolutely did not say it's a security)? In Tether news, their CTO and general counsel made a rare public appearance by appearing on CNBC, and boy they really don't seem interested in getting into details about all that commercial paper they say they have https://twitter.com/vhranger/status/1417888830607314944
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Jul 21, 2021 18:38
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CaptainSarcastic posted:I'd been curious how Islamic financing would approach crypto, and haven't been able to muster the effort to explore it. The workarounds to not charging interest were interesting, as I recall. Been a while, though, and I'm not feeling a store of My uncle worked in Islamic banking in the middle east for decades, specifically in the field of leasing heavy construction equipment like crawler cranes and helicopters and stuff and holy moly I was always confused listening to how it worked Edit: I'm going to tell him to invest his retirement wealth exclusively in Bitcoin
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Jul 21, 2021 19:25
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to invest in enlightening myself further right now.
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waydownLo posted:The funny thing is that it appears the Islamic world solved the problems crypto tried to address centuries ago. https://en.wikipedia.org/wiki/Hawala They're even called hawaladars. Sounds kinda like hodlers, if hodlers weren't complete morons.
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Jul 21, 2021 20:20
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quote:(Reuters) - Electric-car maker Tesla Inc ( TSLA ) will most likely restart accepting bitcoin as payments, Chief Executive Officer Elon Musk said at a conference on Wednesday.
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Jul 21, 2021 20:21
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take a shot! it's elon musk's favorite phrase "most likely"
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Jul 21, 2021 20:43
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"would" not "will"
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Jul 21, 2021 20:50
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https://www.cnbc.com/2021/07/21/elon-musk-jack-dorsey-speak-about-cryptocurrency-at-b-word-conference.html The price of ethereum rose Wednesday afternoon after Tesla and SpaceX CEO Elon Musk said he owns the cryptocurrency at The B Word conference, an event hosted by the Crypto Council for Innovation.
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Jul 21, 2021 23:31
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The B Word.
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Jul 21, 2021 23:37
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The Crypto Council for Innovation
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Jul 22, 2021 01:00
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Paladinus posted:The B Word. butthole?
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Jul 22, 2021 01:35
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MickeyFinn posted:butthole? buttcoin.
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Jul 22, 2021 01:37
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Guys, hear me out here. What if...number go up?
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Jul 22, 2021 03:54
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Hobologist posted:Guys, hear me out here. What if...number go up? Sounds unlikely
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Jul 22, 2021 05:08
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elon the only rocket-billionaire who hasn't been to space now? more like the Bag pumping conference
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Jul 22, 2021 05:21
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Is it a good sign if you're arguing on Twitter with the state of Alabama over whether or not your thing that walks like a duck and quacks like a duck is a "duck" https://twitter.com/BlockFi/status/1417968862134300672
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Jul 22, 2021 14:52
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They can only argue it on Twitter because if they tried that in a court they'd get smacked.
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Jul 22, 2021 14:55
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Strong Sauce posted:https://www.cnbc.com/2021/07/21/elon-musk-jack-dorsey-speak-about-cryptocurrency-at-b-word-conference.html Also, continuing to prop up a profoundly wasteful use of electricity isn't cool too.
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Jul 22, 2021 16:16
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Blotto_Otter posted:Is it a good sign if you're arguing on Twitter with the state of Alabama over whether or not your thing that walks like a duck and quacks like a duck is a "duck" Imagine arguing with the state of alabama about anything and being wrong
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Jul 22, 2021 17:06
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shame on an IGA posted:Imagine arguing with the state of alabama about anything and being wrong Literally what I was thinking The overlapping venn diagram of my opinions with the state of Alabama’s opinions is goddamn small but damned if this isn’t in there along with fried chicken
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Jul 22, 2021 18:10
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well hey now they have the option of getting into a twitter argument with the state of Texas, instead https://twitter.com/CoinDesk/status/1418277421472751620 anyone want to set the over/under on how long til the federals feel like they need to take over the show?
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Jul 22, 2021 19:45
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are the AGs of TX and AL a cowboy and southern lawyer in a white cotton suit?
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Jul 22, 2021 20:43
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Trump-loving Republicans snatch up 'magacoins' -- and quickly fall victim to data breach https://www.rawstory.com/magacoins/
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Jul 22, 2021 20:57
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Moronicism and Grift, Always
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Jul 22, 2021 21:04
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PhazonLink posted:are the AGs of TX and AL a cowboy and southern lawyer in a white cotton suit? no but they both seem somewhat unconventional, usually every prosecutor in the south regardless of party wears the same tie in all photographs and I can't find either of them with it. TN AG:  NC AG debate:  SC AG:  WTF TX? 
shame on an IGA fucked around with this message at 21:13 on Jul 22, 2021 |
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Jul 22, 2021 21:09
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shame on an IGA posted:no but they both seem somewhat unconventional, usually every prosecutor in the south regardless of party wears the same tie in all photographs and I can't find either of them with it. Goon tie blindness is a new but perhaps not unsurprising development
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Jul 22, 2021 21:16
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https://decrypt.co/76576/el-salvador-bitcoin-law-citizens-protesting
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Jul 22, 2021 21:23
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shame on an IGA posted:WTF TX? Funny story, the TX AG has himself been under indictment for securities fraud for five years and counting, but has somehow managed to stall it going to trial. (He's also under federal investigation for taking bribes last fall to investigate someone's business rivals, but that doesn't dovetail as nicely with all these cryptocrimes going on.)
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Jul 22, 2021 21:42
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shame on an IGA posted:SC AG:
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Jul 22, 2021 22:24
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See, allowing people to use buttcoin as legal tender is one thing, but *making* people accept it? That sure sounds like a way to offload your garbage magic beans onto suckers in return for cold hard cash. gently caress crypto forever.
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Jul 22, 2021 22:45
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yeah the el salvador buttcoin thing is a transparent cash grab by their rear end in a top hat leader, its incredibly gross literally took millions in united states dollars doing it like i said before this whole situation was a lot funnier back before it started ruining a bunch of people's lives
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Jul 23, 2021 01:47
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shame on an IGA posted:Imagine arguing with the state of alabama about anything and being wrong 
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Jul 23, 2021 03:07
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Parkingtigers posted:See, allowing people to use buttcoin as legal tender is one thing, but *making* people accept it? Well, that is what "legal tender" means. I wonder if you could get around it by setting the bounty for your transaction going through to zero, knowing that it will never be included on the 'chain.
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Jul 23, 2021 03:31
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is everyone in texas an rear end in a top hat
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Jul 23, 2021 03:47
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jesus imagine how badly you have to gently caress up to cause red states to act on white collar finance crimes
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Jul 23, 2021 07:56
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text editor posted:jesus imagine how badly you have to gently caress up to cause red states to act on white collar finance crimes Yeah this is truly amazing poo poo i never thought i'd live to see. thank god for buttcoin
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Jul 23, 2021 15:17
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Blotto_Otter posted:Is it a good sign if you're arguing on Twitter with the state of Alabama over whether or not your thing that walks like a duck and quacks like a duck is a "duck" What kind of absolute psychopath uses a denominator of 1 for a Tweetspam pagination? They understand that they're supposed to do it, but do they not understand what it's supposed to achieve? It's hard not to read as a metaphor.
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Jul 23, 2021 15:22
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ikanreed posted:What kind of absolute psychopath uses a denominator of 1 for a Tweetspam pagination? Imperial pagination versus metric
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Jul 23, 2021 15:45
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El Salvador would literally be better off trading legal chicken tenders , in openair, un refrigerated containers than any coin. at least months down the line they'll still be trading physical matter / chicken based slime mold.
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Jul 23, 2021 15:58
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ikanreed posted:What kind of absolute psychopath uses a denominator of 1 for a Tweetspam pagination? It's an NFT tweet.
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Jul 23, 2021 20:00
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