The stable coins are scams too. Easy way to print fake money and build an empire on nothing.
this post was submitted on 06 Sep 2025
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Yeah capitalism is a scam. People waste their lives being violently coerced to labor for worthless chips. No argument here.
Is the next crypto scam wave due?
Nonsense.
This time it's a fully realized mature product, that is both cheaper and more stable than the regulated banks.
Now please hand me your money!
Personally I think bitcoin is a shitcoin... But have you ever seen its price chart? HUGE SCAM!!! Completely crashed out!!! \s lol
Fuckin rugpull economy.
Yes it's called capitalism.
The same CEO who wants Canada to join the US
Really? Do you have to be an idiot to be CEO?
Studies show that sociopaths and psychopaths are better fits for CEO roles.
If you look at it from a strictly financial angle, Patrick Collison would get really wealthy from a US annexation of Canada as his company would get access to the very lucrative and deregulated US market.
You need to have zero conscience to take the best strictly financial decisions for a company, with no regard for suffering or human life.
It helps.
CEOs gonna CEO. These people are in positions of power, not in positions of intelligence, empathy, humanity, etc.
I'll argue that calling them unintelligent dismisses their capacity for harm.
CEOs tend to be intelligent, cold and calculated. They will take whatever decision it takes to maximize profit, with complete disregard for human life. Even when they seemingly echo conspiracy theories, they generally do it with the end goal of increasing profits by pushing some narrative, for example.
We need to understand and acknowledge that they know exactly what they are doing, and that they and their companies need to be controlled using legislation. They will not be swayed by pity and emotions, they must be controlled by other means.
and when they inevitably crash?
and when they inevitably crash?
It's just another "bubble". The state will probably bail out the rich with an inflation tax on the poor as usual.
... and when the petrol-dollar inevitably crashes?
So I've been reading into stable coins a lot, because I don't understand why anyone would care about them. And what I've come to realize is they are a benefit to two groups:
- Financial institutions: Stablecoins have fewer regulations and basically allow for things you can't do with actual dollars/currency
- People with limited access to financial institutions (think poorer people and/or countries): With fewer regulations it's easier for people to transact Stablecoins than dollars/currency
At the end of the day, it feels like a "true" digital currency would be the better solution, but everyones jumping on Stablecoins because they're here now and less regulated.
I think there is potential in a more cash-like digital currency, but Stablecoins seem ripe to break in some unforseen way, especially given the current administration.
Edit: Edited to fix formatting.
it feels like a “true” digital currency would be the better solution,
For whom?
everyones jumping on Stablecoins because they’re here now and less regulated.
Yeah. Nobody wants to wait around for an imaginary solution from the state. Nobody really wants the state violently attacking their lives. So yeah cryptos are a much better choice for most people and institutions.
For your first question, I think the average person would benefit from a simple digital currency that let's them exchange "cash" without having to jump through a bunch of hoops. Venmo, Zelle, etc. are all proof that normal people want easy ways to pay each other.
As for your second point, I'm not sure I follow. But I assume you're implying that crypto is better because it isn't tied to the state?