2026-09-28 16:53 UTC
@Jazone@theforkiverse.com @benroyce@mastodon.social @mattblaze@federate.social
I'm merely pointing out that Crypto Currencies aren't even really crypto currencies anymore. They're just randomly valued and named denominations of standard Fiat money, albeit without backing by the full faith and trust in a government entity because, definitionally (though there are a few exceptions) they aren't issued by a government.
Crypto Currencies are no different than Neopets or Pokemon.
As you allude, you cannot control what people do with their money, and no argument from me, except that people should regularly note that relationship.
After all, the purpose for using the word "currency" in the coined name is to borrow the senses of stability and legitimacy from government issued Fiat Currency.
Replies (2)
-
@evdelen@mstdn.ca 2026-09-28 16:57
@Jazone@theforkiverse.com @benroyce@mastodon.social @mattblaze@federate.social (As a complete aside, I still wonder why Blockchain Accounting isn't a thing... as in an accounting package internal to an organization or government. I mean, it literally attaches a user account to every penny spent, so auditing is actually really easy with it, and it could enable the creation of reports on a much more timely basis. Maybe it exists, I'd love to know!)
-
@AeonCypher@lgbtqia.space 2026-09-28 17:12
@evdelen@mstdn.ca @Jazone@theforkiverse.com @benroyce@mastodon.social @mattblaze@federate.social This isn't surprising. Stablecoins are going to give the USA Wildcat Banking 2.0.