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checking in on decentralized assets intended to be independent from governments and big banks

#crypto #cryptocurrency

in reply to Molly White

"If governments don't support my fully independent, made up, currency asset, who will?"

reshared this

in reply to Molly White

I have wondered for some time how the whole cryptocurrency concept went from being built to get around fiat currency to depending on government support. It's all just Venmo with more fraud now, isn't it?
in reply to Molly White

crypto currency for the criminals......naturally promoted by GOP , Musk and Trump....
in reply to Molly White

All crypto costs the environment in a big, big way!!!

The electricity used to make just 1 ONE CRYPTO COIN can power 14.5 average US households for a year.

So the electricity to make ONE MILLION Crypto Coins would power 14,500,000 homes.

As of July 1, 2023, California had 14,763,237 housing units. So that amount of electricity can power all but about 263,000 homes is California.

The EPA should have shut this shit down in the US and in Canada, environment Canada years ago!!!!

This entry was edited (1 month ago)

reshared this

in reply to Molly White

When a consumer product is so lacking in merit or worth that taxpayer dollars & fascism are needed to impose its acceptance as legal tender...

Another Savings & Loan bailout is on its way
businesswire.com/news/home/202…

forbes.com/sites/digital-asset…

bbc.com/news/articles/cgm1g37p…

en.m.wikipedia.org/wiki/Saving…

corporatefinanceinstitute.com/…

econlib.org/library/Enc1/Savin…

nytimes.com/topic/subject/savi…

This entry was edited (1 month ago)
in reply to Nicole Parsons

@Npars01 just nope, nope, nope. For crying out loud!😩 (Thanks for sharing..I
hadn't heard about this!)
in reply to Molly White

Somebody alert Jeff Bezos that he'll have to choose between free markets and trump.
in reply to Molly White

The bigger fool scam needs the US treasury to step in to be the biggest fool of all...

...and given the election results...

in reply to Molly White

the Onion already published this one a few months ago theonion.com/crypto-leaders-ca…
in reply to Molly White

Independent of big banks? I don't think it's going so well. Have you heard about the memecoin ruling? I read a nice description of it on sojooo earlier:

soj.ooo/p/compromisedamerica/p…

in reply to Molly White

@Molly White Remember when cryptocurremcy was said to be able to operate without the need of banks and governments and such?

So, about that...

in reply to Molly White

I can't even count the number of times VCs said to me "build something people love". Don't we all wish Andreesen Horowitz would take their own advice? That'd be novel. Innovative, even.
This entry was edited (1 month ago)
in reply to Molly White

Anything you can buy for fiat will be the toy of the banks. If you want alternative mint to work it may only be exchangeable for goods or services.

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