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MCasq_qsaCJ_234 @lemmy.zip

6d ago

Crypto sector breaches $4 trillion in market value during pivotal week

www.reuters.com

reuters.com

Link without the paywall

https://archive.ph/LGCCv

15 comments

That 4 Trillion should go to fund Medicare for All

Take your crapto and flush it down the toilet where it belongs.
- Can't.
  I'm making too much money off of it.

This place is so much worse for down voting content that makes us upset. The worst parts of Reddit ended up here
- It doesn't make me upset, it's just not interesting or useful.
  
  I think that's a lie. I see non interesting stuff all the time and am never compelled to downvote. This is usual to people who are interested or are interested in this technology.

House lawmakers also passed two other crypto bills, sending them next to the Senate for consideration. One lays out a regulatory framework for crypto, while the other seeks to ban the U.S. from issuing a central bank digital currency.
Why does Congress want to ban the Federal Reserve from issuing its own digital currency?
- It's to pander go conspiracy theorist. Not that a digital currency isn't a privacy nightmare and a potential powerful tool for control, but I think the reality is that every country in the world will eventually shift over to a digital first based currency/finance system rather than the current Frankenstein of old paper banking with digital services stapled on top. It would be more forward thinking to legislate requirements for privacy and limits on government actions towards account freezes and seizures for digital currency accounts
- Because it can be stupidly easily controlled by the government. If there's a pandemic and they don't want you going more than five miles from your house, they can literally turn off your money if you are more than five miles away from home.
  Did you eat too much meat this week? Your money gets turned off because you used too much carbon.
  Did you take part in a protest the government disapproves of? Good luck eating for the next month with no money to pay for your groceries. Have fun starving.

Imagine if some one found a way to just corrupt all the wallets. I'd be so happyyy

This is why we buy the dips and don't listen to the hype about supposed crashes. If you want to be able to take advantage of the huge swings like the one this week, you have to already be invested.

15 comments