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47 sats \ 4 replies \ @nerd2ninja 20 Mar 2023 \ on: Pool: are there any bitcoiners who use Ethereum DeFi? bitcoin
I remember when I was a shitcoiner. I tried to self custody things that were not meant to come off an exchange I think lol. Scary times with some of those scams. Over time I learned to ask the right questions and once I learned that, I learned Bitcoin was the only thing that had the correct answers to those questions.
Etheream is not what you want in a money, a cloud platform, or anything. The way Etheream is set up, with its authoritative head, would be better done as a publically traded company that runs as a franchise so that franchise owners can add in their server farms to the network. It is that level of centralized already and it operates poorly by comparison to a properly made company.
Stablecoins are literally specie which is meant to represent fiduciary media. Stablecoins are to the dollar what the dollar was to gold under the gold standard. They could be better done under a chaumin mint e-cash system.
Defi is for suckers who still don't realize that for every leverage, there is a deleverage. "When we create debt, we create cycles" but its your money, you can continue to lose it. I'll just be here getting everyone I see and know to stay the fuck away from your insanity.
They could be better done under a chaumin mint e-cash system.
There's one problem with this: the government closes such projects immediately while USDC and USDT are still more alive than dead.
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But it makes no sense in terms of technical reality. Its only ignorance or perception or some mind game of some sort that keeps them open I think lol. Because they could be shut down now especially the ones under US jurisdiction.
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Yes. The reality somewhat confirmed expectations of many Bitcoiners. However, they tried to operate in gray area and I think some companies deserve respect because there is Liberty Reserve case. Nobody likes jails.
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Thank you
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