/biz/ - Business & Finance

Democrats carrying water for corporate banks. Nothing new here.

>>24498441
>Tlaib

Don't need to read it to know it's retarded.

>>24498441
this is why i put a mental ceiling on all the dorkus dweebs masternodes, stablecoins, and all this other absolutely ludicrous bullshit beyond the realm of BTC, LINK, and ETH. it just becomes this nebulous dork retard fringe world of possibilities and STUPID fucking coins like sushi and shit called fucking AMPLEFORTH

Speaking of which, what's the best way to acquire crypto with absolutely no connection to my real identity? I wan't to start acquiring a parallel crypto stack that never touches a CEX, and I don't want my current wallets to be associated with mixers.

Mining? ATM? Buy with cash in person?

>>24498468
>>24498487
yup

>>24498441
To be 100% honest, im not sure what stable coins really are (except somehow pegged to the dollar) and how legislation could effect that, could someone give me a quick run-down?

>>24498441
>Rashida Tlaib's new bill!
So how much of this bill did she actually write?

I ABSOLUTELY FUCKING HATE THR GOVERNMENT

leave me the fuck alone

stop telling us what to do you fucking losers. George Washington didn’t put it all in the line and drop mountains of bodies so you faggots could create a gay mulatto nanny state that sucks Israeli dick

>>24498536
I certainly wouldn't condone this glowie. But in cash in person is best

>“Working class communities like mine in Chicago already face tremendous barriers to accessing financial services and credit. The Trump administration’s deregulation of our financial system has opened the door for tech companies to consolidate their power by preying on people of color with products that promise inclusion but only undermine our banking system,” said Congressman Jesús “Chuy” García.

tippity top kekkles get fukt america.

>>24498577
Yeah, they generally refer to tokens that are price pegged to a real currency like USD. Some stablecoins are centralized, like one company with a fiat off-on ramp that mints/burns tokens accordingly. Look up Maker / Dai for an example of a more decentralized stablecoin. It's an overcollateralized lending protocol - basically: lock up the equivalent of $150 in ETH, receive 100 Dai. Eventually pay back the Dai (which gets burned) to get your ETH back. If the USD value of your locked up ETH falls below 1.5x the amount of Dai you took out, you are at risk of being liquidated (public function anyone can call), so you need to monitor it and keep your position sufficiently collateralized. All this is to say, billions of dollars worth of crypto are sitting in systems like this so that people can have a stable ERC-20 token that is roughly worth $1.

>>24498441
>Tlab

When the fuck are we going to send this cunt to Gitmo where she belongs

>>24498888
ch ch checked

>>24498441
So, do you need hand holding to see why this is bullish?

>Many of these stablecoins inherently represent a promise that, without regulations, there is potential for disparate impact, “predatory inclusion,” “digital redlining,” and the “color of surveillance”

>“Getting ahead of the curve on preventing cryptocurrency providers from repeating the crimes against low- and moderate-income residents of color that traditional big banks have is—and has been—critically important,” Congresswoman Tlaib said.

tldr stablecoins hurt brown people

>>24498888
checked and based

>>24498536
Binance accounts in 2017 that didn't need KYC

pretends she's the fucking spokewoman for muslims, meanwhile sucking off bankers (usurpers) in the background.

>>24498931
No, I can see why it's bullish. I'm specifically concerned about what this means for something like Maker, and I'm also not excited about the increase surveillance on ETH we'll probably see with basically sanctions put on various protocols or addresses.

Of course this only makes me want to buy more crypto.

Why would regulation of stable coins be a bad thing? They are already centralised beyond belief. It would probably be beneficial dess ewww

>>24499016
I guess so, but let's say they find a way to police this, I would have to exit a bunch of pools and other defi things and I guess I would buy ETH with the stack of Dai I'm sitting on until I know what's safe to use.

>>24498940
It's incredibly transparent shilling for megabanks in laughable social justice rhetoric.

yikes just how fucked is burgerland?

>>24499062
So I really just care about the personal implications. And like I said above, I'm looking for an ultra anon way to acquire crypto so I don't have to think about shit like this.

>>24498990
>this only makes me want to buy more crypto
you like cucking yourself i see

>>24499016
regulations
are
never
beneficial

>>24499103
All of this is unfortunately necessary for that boomer Etf approval

>>24499148
this

especially in cryptosphere
want to be tracked in a AI cabal owned by hypocrites and kikes?

not me

>>24498487
too bad just saying "it's retarded" won't stop the bill
read the fucking thing and be specific when you contact your representative to shut it down, otherwise they're just gonna listen to that big bank lobbyist shoving wads of benjamins up their asshole
good gracious we need to teach civics in school again

>>24499016
Dark actors/whales would stop fucking with less regulated stable coins for starters, cause this is all one Huge step towards kycing every tx. However they would be replaced, over time by institutional type whales/elites which is what is/always had to happen as btc progressed to an etf, multi trillion market cap. This was always coming and I’ve known the day would come for years, it’ll still take them another year or so to get off the ground tho. Eventually you’ll have btc/digital dollar pairings, also libra pairs, it’s just the way it’s going its about control, China has a large control of the hashrate cool well the us can control the dollar stable pairs/kyc which gives them knowledge and control of the market also

>a lot of crypto already outperforming boomer stocks if you know what to buy
>faggot retards in this thread think regulation is needed anyways
There's not one reason for me to believe these so called "people" aren't glowies or shills

>>24499236
>contact your representative to shut it down

ya that'll do it civies boy, send your rep a long, logical retort on this bill!

you’ll see more people use digital yuan pairs cause they’ll be more attractive, more dodgy and it’ll be like tether on steroids, screencap this.

>>24499148
>>24499203
Yes they are, especially when some chinks own the largest stable coin in crypto and its an unaudited mess that can literally freeze tokens at will and has complete dominion over digital usa dollars.

If stable coins were actually decentralised, sure it would be a bad thing. But they are just as bad as fiat in a bank, the only difference being they are controlled by chinks with 15 passports and no home address.

>>24499273
They are retards, boot licking the kikes hoping they will pump their bags. Apparently everyone here conveniently forgot how the jew operates

>>24499306
Dingdingding! The value of stable coins is that they're stable, not that they follow USD specifically. There already are some that are pegged to other fiats. We can just use them instead for the same purpose. If we gave a fuck about USD, we wouldn't be in cryptos. These guys are trying to be an absolute dictatorship but they don't know how to operate in this environment.

>>24498564
>https://tlaib.house.gov/media/press-releases/tlaib-garcia-and-lynch-stableact
who is this kike

>>24499353
>insult Israel online and get your tokens frozen by kikemerica instead
Kys worthless mutt

>>24498613
She wrote all the parts about exploited PoCs

>>24498733
>products that... undermine our banking system
There it is

>>24499411
also this

taxes are used to track and pay rashida tlaib's electricity bill for her Tesla.

and her lunch

and her kewl outfits she wears to the senate

look at her donors too

>http://www.opensecrets.org/members-of-congress/rashida-tlaib/contributors?cid=N00042649&cycle=2020&type=C

>>24499353
mutts love worshipping israeli talmudic banking philosophy you know

it's genetically coded in mutts through epigenetics

>>24499489
You know tether can freeze your funds right new fag?

>>24499443
Exactly, those who want privacy from the west will simply Take advantage of that Chinese firewall and use the $ of the east, like they already do. China will happily enjoy that extra utility for their currency as the us creates more and more regulations, it’s not like chinknance and others won’t have digital yuan pairings, just no us exchanges I imagine, as usual burgerfags will be cuck’d, doesn’t mean crypto’s doomed relax kiddies chinks own the hashrate and they’re miles ahead of this bloated system, just means burgers will stay poor with all kinds of restrictions so jamal and the lgbqt community can buy their 5 lumens on cuckdbase

>>24499551
>He thinks hes fighting the jew by trading in a digital version of their fiat currency

The absolute state of new fags

>>24499558
tethering up is tethering up. tether is chink related and minted

chinks have concentration camps and dystopic surveillance as well

so if you tether up you tether up with gookensteins and their slimy ethics

>>24499594
you assume i trade in usdc/usdt/dia?

oh 4chan, i can't wait til you get censored

>article230abouttogetmurked

>>24499074
If it was that transparent, 70% of Hispanics and 95% of blacks wouldn't vote Democrat.

>>24499558
They haven't yet you jew cum slurping retard, and I prefer not giving shitskins and kikes from America that power. If you need a daddy to hold your hand and make sure you don't buy nono assets, stick to putting your money in a savings account.

you either pick the ccp yuan or the heavily kycd, cuckd system of the jews of the west, either way it’s ugly. This is how the us takes some control back cause they don’t have cheap enough power to mine, the environmental cucks would complain and they’re late to the party, chinkna is miles ahead in mining and with rigs, no point whining about it online. It ain’t about picking the boot it’s about realising you have no power to change it, so why dwell on it

>>24499637
>They haven't yet

They froze some hackers fund in his private wallet literally 2 months ago. Spot the newfag

>>24499625
Spot the RSR newfag

>>24498940
>predatory inclusion
>dumb niggers need to be saved from the big bad decentralized currency by uncle sam
fucking lol

>>24499716
The absolute state. Is your head full of jew cum? You said "they can freeze YOUR FUNDS" to which I replied "they haven't yet". I don't care if someone else had theirs frozen. My whole point that you are too retarded to grasp is that I believe america controlled by shitskins who want hate speech banned is more likely to freeze my shit over offensive shit I post online than China is. Enjoy getting fucked by jews and lay off the reddit spacing and try harding with forcing "newfag" in every sentence.

>>24499353
Just wait until the government mandated stable coin automatically takes out a 30% cut of any transaction you make to fund wars and hookers
We'll see you start changing your tune

>>24498441
Remember that by requiring a bank charter, they effectively ban stablecoins. Obama, one of the biggest bank whores in our entire history, placed a near-moratorium on bank charters across his entire presidency, almost unprecedented. Biden, whose cocksucking ensured that Delaware would emerge a capital of US corporate tax evasion and that the credit card companies would prosper, will happily continue Obama's legacy.

>>24499716
kek ok kike sympathizer

>>24499823
>>24499637
>>24499716

monero the standard

>>24498441
ngl I am extremely left leaning, way more left than most democrats. most people would call me an SJW but I disagree. but i dont understand this. how is crypto, specifically stablecoins racist. crypto is literally the least racist form of currency there is. i dont understand. is this literally just more jewish democrat bank shilling? thinly disguised as social justice? i expect nothing from the democrats and i'm still disappointed

>>24499910
I'm alright with monero. I just don't like the u.s digging their claws into crypto. They are fast becoming overtaken by brown retards who are more concerned with throwing people in prison for saying nono words than anything else. Anyone like that other retard defending them trying to exert more control over it is a kike in my eyes. With america, it always starts with one small step, and then they end up fucking everything.

>>24499823
>It's not real because it hasn't happened to me

Sounds like you've got it all worked out kid, top kek.

>>24500023

ZOG's are enemies. I like the casual jew but a zionist deserves death in the most vile of ways

including of their children, pets, etc.

>>24499835
I dont use stable coins because i'm not a retard.

>>24499892
Ironic coming from the stable coin advocate.

>>24500188
>ignores the rest of my reasoning
I can't flush the jew cum in your head out for you, sorry.

>>24500220
>jewmerica will stop at stablecoins
This is your brain on jew cum

>>24499977
Embrace the third position fren

>>24500228
>>24500248
Your reasoning is flawed. You obviously don't understand the concept of trustless money.

Pro tip: It doesn't include giving a faceless plutocracy dominion over your wealth.

>>24500312
Third position is good but the only problem is I'm gay. I am unironically racist though. I just hate capitalism more than anything because it's been run by untouchable elites for as long as whenever. (I'm the guy you replied to just on a different device)

>>24500220
>I dont use stable coins because i'm not a retard.
>I exclusively find the next big thing to put my profits into
yeah ok buddy
sounds a lot like
>i enjoy bagholding my assets into a 75% hole

>>24498940
>elites have harnessed the incompetence of niggers and use it as a weapon for social manipulation
Fuck this timeline.

>>24500324
>your reasoning is flawed
This is the most reddit thing I have read here all day, and of course, it is coming from a kike advocating America having more control over crypto. I can't wait until your ass is sent to die in Iran

>>24500352
Glow Nigger Posting.
Fuck off Fed.

>>24500365
Not all of us bought our bitcoin last year new faggot. Have fun trading yourself into slavery with literal fiat tokens you incompetent retard.

>>24500352
Well you can be a fag and just keep quiet about it. If you are racist, economically left wing and j-woke you’re already a third positionist.
Just keep quiet about the faggot shit. Nobody is going to kick in your door and see what you are doing.
You won’t be able to join any orgs but I think you indeed stand why.

>>24498931
Yes please

>>24500384
Imagine being in crypto and you don't even understand the basic principles which give it it's value. New fags like you are why this industry is fucked, because with every fresh set of retards the bar for what is considered trustless money gets lower and lower each market cycle. 3 years ago if you argued in favour of tether you would have been laughed off this board.

Have fun holding your chink good boy points though retard.

>>24499780
It's so transparent it's infuriating

>>24498755
So this might make the ERC20 tokens collapse, in general.
Interesting that this is coming at the same time Visa announces a CBDC running in the ethereum blockchain. I guess they want to clear the way, as more altcoins means more activity in the blockchain, thus higher fees.
This means injection of money into ethereum, both from the CBDC trades and from the altcoins being pulled out (people will buy ether to get rid of altcoins).

>>24498662
You don't condone buying crypto anonymously? Fuck off retard

>>24500502
>rant about newfags
>still sucking jew cock and wants America to control crypto
Yep, this is a redditor larping.

>>24500502
been in crypto since 2012

why are you such an asshole btw? when was the last time you enjoyed yourself, buster?

>>24498441
on the downside, you might have to pay taxes and have your crypto wallet linked to your real identity

on the upside, trillions and trillions of dollars will flood into crypto from institutions and you will get filthy rich as long as you aren't retardedly invested in retarded shitcoin ERC foodtoken pajeet scams

>>24498940
First a hit piece on Coinbase being racist now USDC is racist. (((Someone))) is promoting their agenda.

>>24498536
Monero

>>24500579
Again, you aren't protesting the jews by holding a digital fiat token you incompetent newfag.
>>24500610
No you haven't new fag.

>>24498536
he's joking right?
does he actually think you can "selectively" validate blocks?

>>24500725
What does this mean for LINK?

>>24500782
Never said I was, jew cum brain. I just don't want america regulating crypto. I know the very idea of isra- I mean america not controlling everything is very offensive to mutts.

>>24500838
I agree it's retarded, it actually would be pretty trivial for a validator to have a contract blacklist and just personally not propose any blocks that include txs that talk to blacklisted contracts. If it's properly enforced in real time and people really do get penalized, I could imagine people basically not running validators in the US or running them in the US with active blacklist or (god forbid) whitelists. I think that's what he's talking about.

>>24501018
They'll have to backtrack once no one runs validators in the US and china buys a shitton of ethereum

all the goyim in this thread must be bashed with threats before finally accepting that Monero is the real Bitcoin.

Inb4 muhhh zioncash muhh bimblewamble

>>24498536
Bisq + money orders is the combination for lowest connection to your identity. Buying in person, the other person could ask for ID, keep a record, and scalp you even harder than sellers on Bisq.

>>24499076

These fucking hypocrites. They preach about being for the people but they want to cuck them out of having access to self-banking via defi and financial sovereignty

"If you can't give us your money to hold in 0.001% interest accounts and take our Credit Card with 20% interest fees monthly, then you'll get fucked by the baddies on the internet".

Fuck these absolute fucking hypocritical pieces of shit. Fucking filth banking cartel shills i hope they all bite their fucking tongues off

>>24499148
You know what's beautiful? They'll waste billions of dollars trying to track shit and guess what? We'll engineer a new crypto and they can spend billions trying to track shit on that platform. Rinse and repeat, fuck these faggots. Decentralization means decentralization, you can't put Pandora back in its box