• LT42

    • Post #1188

    Mad_Cyril has anyone mentioned FIAT recently?

        LT42 it’s devaluing at alarming rates against real money

            Fixed it for BP.

            Mad_Cyril BP Chief Exec - “Shit got real at the last shareholder’s meeting. So fuck it. Bollocks to pretending we ever wanted to pursue anything but unrestrained profiteering, at any cost to appease our shareholders is all that matters. Twelve holidays a year, sprawling mansions, and private schools don’t pay for themselves, you know.”

              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!