Waitman Gobble

Mon, 28 Jul 2025 22:38:33 -0400 from Get Ready To Rumbly

I was skeptical when they rolled out their stable coin but actually makes it cheap and easy to cash out and convert to fiat. Also cheap and easy to covert fiat into decentralized currency and make trades on other platforms. No nonsense access. This news item is good I think, could make cross border payments painless. If you move money across borders you find out it's a fuckery. This CEO turned out to be a true trailblazer.

https://fortune.com/crypto/2025/07/28/paypal-100-cryptocurrencies-accept-merchants-bitcoin-ethereum/

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Waitman Gobble

Tue, 29 Jul 2025 10:18:06 -0400 from Get Ready To Rumbly

Well it's decentralized and anyone can participate. The logic of having a central bank "protecting us" is, in my opinion, the same logic Facebook uses against people running their own websites - people who don't want to use Facebook must be criminals

Bill Statler

Tue, 29 Jul 2025 11:48:28 -0400 from Bunny of Doom

I completely agree with that, philosophically. It's just the implementation that seems to be difficult.

Attackers who compromised devices belonging to a WOO X employee stole $14 million from users of the Taiwanese WOO X cryptocurrency exchange.

The Indian cryptocurrency exchange CoinDCX was hacked, with attackers stealing around $44 million.

The BigONE cryptocurrency exchange was hacked for more than $27 million, which the hacker quickly swapped for various other tokens.

In a seizure request filed by the DC Attorney General, the Justice Department outlined how a Nigerian scammer used the classic "lowercase Ls look like uppercase Is" trick to steal $250,000 — apparently from the MoonPay crypto exchange.

Etc. Not to mention certain presidents creating their own cryptocurrency as a nifty way to receive anonymous donations. And the insane electricity usage. It just seems like the entire crypto industry is dominated by Bad People doing Bad Things.

Waitman Gobble

Tue, 29 Jul 2025 21:21:22 -0400 from Get Ready To Rumbly

Using an exchange can be treacherous i suppose, it's like handing over your money to someone to hold for you. People go underwater in the stock market too. Unfortunately even large organizations that advertise on blimps and buy sports stadiums can crap on their customers, even without cryptocurrency.