Crypto sector breaches $4 trillion in market value during pivotal week (www.reuters.com)
from MCasq_qsaCJ_234@lemmy.zip to technology@lemmy.world on 20 Jul 21:01
https://lemmy.zip/post/44382925

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Loduz_247@lemmy.world on 20 Jul 21:17 next collapse

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?

network_switch@lemmy.ml on 21 Jul 00:06 next collapse

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

shortwavesurfer@lemmy.zip on 21 Jul 01:17 collapse

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.

MyOpinion@lemmy.today on 20 Jul 21:48 next collapse

Take your crapto and flush it down the toilet where it belongs.

FlashMobOfOne@lemmy.world on 20 Jul 22:23 collapse

Can’t.

I’m making too much money off of it.

IsaamoonKHGDT_6143@lemmy.zip on 20 Jul 22:05 next collapse

That 4 Trillion should go to fund Medicare for All

FlashMobOfOne@lemmy.world on 20 Jul 22:24 next collapse

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.

Melvin_Ferd@lemmy.world on 20 Jul 23:25 next collapse

This place is so much worse for down voting content that makes us upset. The worst parts of Reddit ended up here

realitista@lemmus.org on 21 Jul 10:22 collapse

It doesn’t make me upset, it’s just not interesting or useful.

Melvin_Ferd@lemmy.world on 21 Jul 12:17 collapse

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.

realitista@lemmus.org on 21 Jul 12:32 collapse

Well you and I are different then, I downvote uninteresting stuff all the time. I also downvote a lot of stuff I already saw or know. This particular item meets both criteria.

Melvin_Ferd@lemmy.world on 21 Jul 14:48 collapse

Again the worst of Reddit

realitista@lemmus.org on 21 Jul 16:50 collapse

You should totally leave then

Melvin_Ferd@lemmy.world on 21 Jul 18:46 collapse
HertzDentalBar@lemmy.blahaj.zone on 21 Jul 18:36 collapse

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