Bistable multivibrator
Non-state actor
Tabs for AI indentation, spaces for AI alignment
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  • 2 Posts
  • 20 Comments
Joined 1 year ago
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Cake day: July 6th, 2023

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  • It turned out there was money to be made in crashing UST — so in May 2022, someone did. There is a strong rumor (and DOJ investigations) that it was Alameda. Other parties who collapsed because of Terra-Luna left the gaping hole in Alameda that eventually killed FTX. If Alameda fired the first shot directly into their own leg, that would be extremely crypto, as well as extremely funny.

    Absolute kino. I really want to believe that Alameda sold her hair to buy FTX a watch chain while FTX sold his watch to buy Alameda a set of combs.











  • I have not understood the purpoted purpose of the so-called stablecoins. I thought the whole point was to have an ostensible foundation of value separate from state power and central banks.

    Check out the fiatcucks using a currency subject to the tyranny of the European Central Bank. Well not me, I use this shitcoin that’s pegged 1:1 with the same currency they’re using except hardly anyone accepts it and when they do I pay exorbitant transaction fees. Freedom, baby!

    Some claim that stablecoins are intended to pull people into the cryptocoin ecosystem or facilitate transactions between real money and buttcoins but I don’t get that one either. Why would I rather buy 100 stablebutts for 100 dollars and the trade that for so-and-so many speculasses than just trade the speculasses for dollars from the get-go?

    Most people fucking around with buttcoins are just wishing for another surge of hyperdeflation like the Bitcoin bubbles in 2012 and 2017. What’s the appeal of a shitcoin that definitionally can’t do that, at least relative to its backing currency?