Paul Wrigley @dash_atm
broadening my understanding of money, it’s history, application and future. money as a social construct and social good. dashatm.com.au Joined July 2012-
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"El Salvador’s adoption of bitcoin as legal tender is pure folly" by Jeffrey Frankel theguardian.com/business/2021/…
This is why we need to fight to retain physical cash. If the only means of exchange can be restricted or censored, then people can be denied the means to live. And I'm sorry, crypto people, but as it stands crypto isn't a viable alternative to physical cash.
This is why we need to fight to retain physical cash. If the only means of exchange can be restricted or censored, then people can be denied the means to live. And I'm sorry, crypto people, but as it stands crypto isn't a viable alternative to physical cash.
"Cryptocurrencies are not currencies. Full stop," says ECB President Christine Lagarde trib.al/waETH1B
Breaking Down the Market Reaction to Gensler’s Crypto Remarks - CoinDesk coindesk.com/video/breaking…
SEC Will Police Cryptocurrencies to Maximum Possible Extent, Chair Gary Gensler Says wsj.com/articles/sec-w…
Looks like a staged, scripted infomercial
Looks like a staged, scripted infomercial
@smdiehl Bitcoin is barely usable for payments *and* it's not generating value for society in any way either. I can't pay my mortgage with it or buy my groceries. And any returns on it are clearly zero-sum. Money one person gets is money another person loses. </preaching to the choir>
Too much money portends high inflation. My mentor & friend Milton Friedman said it best: “Inflation is always & everywhere a monetary phenomenon.” But, you wouldn’t know it by reading the press, where there is no mention of “money “. See my article here: wsj.com/articles/money…
@sweetweet419 @ryankneer Same reason pushing people currently with financial privacy into giving over their financial sovereignty to a CBDC or PayPal is bad. Cash is actually pretty cypherpunk.
Centralised decentralisation.
AOC talking inflation and the Fed on CNN last night: "If this was an overall inflationary issue, we would see prices going up in relatively equal amounts across the board no matter what the good is"
Paxos's General Counsel throws down the gauntlet on what the "regulated" in "regulated stablecoin" means. Tether doesn't qualify (obviously), but he also says USDC doesn't: paxos.com/a-regulated-st… ht @mdudas 🔥🔥
well...more questions than answers on #tether but appreciate @bitcoinlawyer & @paoloardoino coming on and take some tough questions they say an audit (not attestation) is *months* away. we look forward to it and hope to have you back ICYMI: youtube.com/watch?v=ZBEqyi…
Make sure to read the terms and conditions when listening to Paolo Ardoino. TL;DR: Don’t listen to anything I tell you. H/T @ponzibro
What hyperbole. Crypto is just another iteration in an attempt to digitise and control payment. It’s certainly not the first, nor the most important. Bitfinex and tether are just a byline. Get a grip
What hyperbole. Crypto is just another iteration in an attempt to digitise and control payment. It’s certainly not the first, nor the most important. Bitfinex and tether are just a byline. Get a grip https://t.co/NtLCnaNDsy

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