• 2 Posts
Joined 1 year ago
Cake day: June 22nd, 2023

  • USDC is a memecoin? It’s $1, on a decentralized ledger. Backed by $1 in the legacy banking system. I can move 1 USDC to $1 in the legacy system nearly instantly by redemption at Circle. No different than a legacy to legacy bank wire.

    I’m not grifting - I’m attempting to make you aware that there are decentralized markets denominated in US dollars. What I’m explaining is not a pyramid scheme - I’m just informing you that there is a very widely used token on decentralized ledgers which represents exactly $1.

  • It depends on how you look at these things. Traditional, fat-client POP3 email was not syncing, it was just downloading from the server. In such a case, I would not expect it to be syncing.

    In this particular case, I wouldn’t expect a sync at all. These are messages received on, and managed on, distinct devices.

    That said, I did get a MacBook last month and have learned that these things synchronize. Which is cool but I didn’t expect that. Still wouldn’t expect it on deletes.

  • Except that my bank stores dollars, not memecoins.

    USDC is not a memecoin. Are you aware of what USDC is? A token issued by a US company, Circle, with strict transparency and regulatory compliance. It’s no different than a number in your banks database, except it’s in your custody, like cash.

    Yes, because “USDC” isn’t a currency.

    Is your bank’s database a currency?

    Look, I get the popularity of shitting on crypto but I’m happy to teach you about the industry if you’re interested. Memecoins, ponzis, shills, shitcoins, etc is the loud obnoxious side of our industry and has no bearing on the real economics and financial system being developed.

  • Didn’t you repeat what I said? It’s a token on decentralized ledgers that represents a currency. Like a number in the database at your bank. No different than that.

    You deposit your currency at a bank, it’s a number in a database. You earn interest on your investment.

    Are you saying that is a different concept than usdc deposited into a lending market on a decentralized ledger and earning interest?

    Also, usdc is accepted places. In fact Stripe is adding it as a payment method very soon. Would that make it a currency, or does it have to reach some level of acceptance? What about PayPal balance? Currency?