Hursty Honest question … how does crypto replace fiat as functional currency when exchanges can’t be trusted to not lose/steal your savings?

      • Hursty

      • Post #1192
      • Edited

      303abuser trust is a great question and you are correct about exchanges being shady entities much like some banks some might say.

      There first regulated digital asset bank approved by the state of Nebraska is due to be incorporated this year which will bring in the much needed controls to handle these type of assets.

      https://www.businesswire.com/news/home/20250204461633/en/Telcoin-Granted-Approval-to-Open-Nebraska%E2%80%99s-First-Digital-Asset-Bank

          Hursty So that reads to me like a government regulated crypto institution that’s issuing a digital currency (stable coin). How is that any different from the existing banking industry?

          It’s a made up currency, not backed by gold, regulated by the same government, and relies on the trust in the institution of government to provide value. What am I missing?

            4 days later

            • Amps

              • Post #1197

              RichM Could do with a bit of whatever they are on, as the barnet is starting to go a bit ‘winter plumage’ these days.

                7 days later

                Smallman1 lol, just shows how much of a sham these conferences are

                  Fuck it. I’m out at this point. They’re taking the absolute piss

                  a month later

                  Mad_Cyril Frost is one of the better journalists, polite, fair minded and well briefed. Doesn’t make it about him.

                    6 days later

                    The swivel eyed eco loons will be FEWMIN

                    25 degrees in April?

                    We’re living the dream lads!

                    A well timed missive what with tomorrow’s local elections. Friendly fire!

                    Reform are going to clean up aren’t they?

                    So fucking depressing

                      Millsy
                      Think I’d genuinely rather vote for Smalls than reform.

                      Their man on Newsnight last night was pure parody, might have been their deputy leader as well!

                        I’m hoping Liz Truss will join their crew, instantly tanking their prospects

                        LIKE SHE DID WITH MY INVESTMENTS