Post

ryan cooper
@ryanlcooper.com

"The bill sets the stage for an entire class of speculative assets that have precisely zero underlying cash flows to be integrated into the financial system. All for the purposes of satisfying an industry whose main contribution to most Americans has been scamming them."

econjared.substack.comCrytpo: There's just no legit use case for it. But, man, are these bros lobbied up.Our looonnnggg take on why private digital currencies and the blockchain are an accident going out to happen.

147 reposts397 likes

Jo
@service-worker.bsky.social

Drove from central Illinois to upper peninsula Michigan & every mom & pop retail spot I stopped at had signs advertising discounts if you use cash. Debit/credit cards & the processing fees to accept them as payment are literally killing non franchised business & bitcoin is going to be no different

Iykyk
@lipstickscribbles.bsky.social

Yes & no. Yes, 99.9998% working w/ crypto are scammers. No, there are very real b2b use cases smart contacts dramatically simplify re: inter-company transactions and trust vs current processes. We're far far from maturity, and very much should not be a mom/pop consumer facing product.