2116
posted ago by Magnify ago by Magnify +2117 / -1

https://www.zerohedge.com/crypto/fed-down

The Fed Is 'Down' Tyler Durden's Photo BY TYLER DURDEN WEDNESDAY, FEB 24, 2021 - 13:21 It appears that The Fed is "down" as all FRB Servcies are currently offline including ACH and FedWire...

Translation: the official establishment-sanctioned method of transferring money in America is currently


https://twitter.com/CNBCnow/status/1364649747282337793

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34
Isolated_Patriot 34 points ago +51 / -17

I've tried. It's pointless if they don't figure it out for themselves.

18
IMMORTAN_TRUMP 18 points ago +20 / -2

I'm not a zoomer. In what possible way is crypto just as big of a scam as fiat? Fiat can be printed. BTC is limited. No? I get that there are scam coins out there but like no shit?

3
bitcoiner 3 points ago +3 / -0

Most of the crypto (especially all the "tokens") is as big scam as fiat.

There are very few excpetions like bitcoin.

1
wintermoot 1 point ago +1 / -0

Bitcoin is a shitcoin now tho.

The one real exception is Monero, it's well designed to be digital cash and is borne out of the cypherpunk manifesto mentality. Ethereum or a similar project will likely fill the role of a distributed computing network, I have my concerns about ETH. There are other niches as well including centralized coins like Stellar. Then there's even bigger picture projects that incorporate ideas like new internet protocols.

There's a lot of room for real projects, but yeah of course there's an absolute fuckton of shitcoins.