tante, to Bitcoin
@tante@tldr.nettime.org avatar

I get a lot of people calling out my skepticism (as in: Bitcoin is a worthless piece of hot garbage trying to kill our planet) because number is again going up. This time it's real, now that the scamers have been caught and all.

But if you want to know why Bitcoin goes up you just need to look at one curve: Tether has printed 4 billion USD from thin air in the last week.

While it's great to see the crypto scam artists SBF and CZ been caught and punished (sadly without making their victims whole) the actual rock that whole scam economy is built on is Tether. Has been Tether for years.

And I really don't get why US regulators let some weird company print fake USD.

kkarhan,
@kkarhan@mstdn.social avatar

@tante It's also the same reason why the doesn't go after vouchers and why exist:

Those are locked-in, / solutions and both PSC as well as do comply with , & regulations...

In fact, Tether and 's "" does have functions specifically to comply with listings and and do enforce them against i.e. :

https://www.youtube.com/watch?v=wwBnf-e1PY8&t=295s

kkarhan, to ethereum German
@kkarhan@mstdn.social avatar

Why would anyone want to use on / , which is written in the systemically unsafe Programming Language that is when :monero: / exists?

https://en.wikipedia.org/wiki/Tornado_Cash
https://en.wikipedia.org/wiki/Solidity

'Cuz basically build shittier that combines all the disadvantages of & absurdly expensive Computing and Storage.
https://en.wikipedia.org/wiki/Ethereum#Virtual_machine

kkarhan,
@kkarhan@mstdn.social avatar

The only reason why :monero: isn't seen as irredeemable by be (unlike & :bitcoin: ) is because it kinda does -esque and does one thing only but good:

Transfer privately, relatively fast, at low fees.

In that regard it competes with (Instant-) , , , , , , (and as : ).
https://www.youtube.com/watch?v=YQ_xWvX1n9g&t=2019s

vowe, to random

deleted_by_author

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  • kkarhan,
    @kkarhan@mstdn.social avatar

    @henry @vowe it's not even adding any to the process compared to or (god forbid!) even ...

    Because in the end nobody cares about the underlying tech and shoving doesn't make things better...

    Or as @beka_valentine said on a discussion on :birdsite: :twitter: once:
    'Stuff doesn't need blockchain!'

    A lot of are so preoccupied with shoving it in they don't hesitate to even ask if they should!

    https://www.youtube.com/watch?v=0Nz8YrCC9X8&t=115s

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