The new currency that's backed by the old currency and uses a shit ton more electricity. What a time to be alive.
this post was submitted on 26 Aug 2024
396 points (98.3% liked)
News
23320 readers
4113 users here now
Welcome to the News community!
Rules:
1. Be civil
Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.
2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.
Obvious right or left wing sources will be removed at the mods discretion. We have an actively updated blocklist, which you can see here: https://lemmy.world/post/2246130 if you feel like any website is missing, contact the mods. Supporting links can be added in comments or posted seperately but not to the post body.
3. No bots, spam or self-promotion.
Only approved bots, which follow the guidelines for bots set by the instance, are allowed.
4. Post titles should be the same as the article used as source.
Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.
5. Only recent news is allowed.
Posts must be news from the most recent 30 days.
6. All posts must be news articles.
No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.
7. No duplicate posts.
If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.
8. Misinformation is prohibited.
Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.
9. No link shorteners.
The auto mod will contact you if a link shortener is detected, please delete your post if they are right.
10. Don't copy entire article in your post body
For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.
founded 1 year ago
MODERATORS
Oh and by the way, crypto users... the coins they'll be promoting won't be yours. They won't be pushing for clear SEC categorization or lower taxes. They'll be helping insiders, and you're on the outside.
Coinbase made their first attempt to consolidate power with the New York Agreement. This is their next attempt, now with regulatory capture.
Republicans are offering you financial freedom that you already have without their permission.
Crypto billionaires are billionaires “on paper.” By that, I mean, they can’t get their money OUT of crypto unless millions of people buy INTO crypto. So, of course, they are trying to mainstream it.
They need suckers to hold their bags
load more comments
(3 replies)
Weird that the anti crime criminal is promoting crime coin, or not weird at all. Republican party has for years campaigned on fires they started (see debt, immigration, economy, etc)
I guess supporting something whose only legitimate uses are digital theft, money laundering, and buying human trafficking victims are their way of ensuring cartels won't ever stop existing
load more comments
(6 replies)
You mean money launderers, criminals, and foreign governments are openly spending more than any other industry?
Oh yeah, Paris Marx covered this on his Tech Won't Save Us Podcast with Writer and Crypto Skeptic Molly White.
Not that it needs bearing repeating, but Fuck All Crypto Bros.
load more comments
(5 replies)
This is embarrassing. Currency should never be an industry in the first place.
load more comments
(12 replies)
Jesus fuck, Citizens United needs to be reversed almost as much as Roe v Wade.
Imo citizens united paved the way for the reversal. Billionaires like must are clear they need meet for the machine and the only meat that spends money is human
Funny that some cryptobros still think bitcoin is the currency of the people. That shit is controlled by the rich as well, including the banks that they claimed would be left out of the "crypto revolution".
Yeah.. and they get to use other people's money while doing it. Crypto is great.
What, you don't like unregulated banks who don't actually provide any useful services?
Hey now... money laundering is a useful service to people in certain professions.
Obligatory shoutout to Molly White.
She does a fantastic job in reporting about this, from launching a website to track the crypto industry spending on politics to catching Coinbase red-handed and reporting them.
incredible that this thing that in my childhood didn't even exist yet and in my teen years was a fairly revolutionary and subversive idea has turned into an actual industry trying to influence elections
view more: next ›