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50824179 No.50824179 [Reply] [Original]

What the fuck happened?

>> No.50824208

still not using it

nice try

>> No.50824232

>>50824179
people selling out of USDC because of the tornado cash shit imo
also "flipped" should refer to market cap not 24hr volume

>> No.50824303
File: 729 KB, 1033x905, usdc.png [View same] [iqdb] [saucenao] [google]
50824303

Retards fell for the Tether fud and now are using the good goy's stablecoin.

>> No.50824336

>>50824232
this. nice bait thread retard.

>> No.50824340

>>50824232
huh? what happened with the mixer?

>> No.50824630

>>50824340
u living under a rock?

US gov sanctioned TC and banned any US citizens from using it. USDC being US-based then exercised their centralization to freeze USDC assets currently associated with TC.

Basically the nightmare scenario that decentralization folks have been warning about for years has finally started.

>> No.50824691

>>50824179
fleeing

>> No.50824777

>>50824630
motherfucking kek
I just hodl, don't follow news or charts.
so is this good or bad?

>> No.50824868

>>50824179
about time.

>> No.50824961
File: 894 KB, 1911x1128, tornadocash.png [View same] [iqdb] [saucenao] [google]
50824961

>>50824340
>the goyim does not know
>can't beat usdt and bitcoin? make eth and usdc and tell the gentiles PoS and blackrock stablecoin is better

>> No.50825004

>>50824232
shouldn't the marketcap go down if people are selling out of usdc?

>> No.50825047

>>50824777
Bad for decentralization, good for globohomo

Circle has been cozying up to US regulators for a while now, so no surprise they're flexing full censorship compliance (aka bootlicking)

At a minimum, I think it's a wake-up call to many in crypto that even if you have something onchain, that doesn't inherently make it censorship resistant.

Bullish for fully decentralized stablecoins (no, not DAI).

>> No.50825090

>>50824630
Are US laws and mandates retroactive or something?

>> No.50825127

>>50824179
Why btc not pumping off this?

>> No.50825169
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50825169

>>50825047
>(no, not DAI)
Okay what then? DAI is the best bet imo

>> No.50825171

>>50825090
No they're not. Problem is Circle immediately froze assets in the mixer as soon as the sanction was announced. So nobody had time to react. There was like 75 million USDC frozen.

>> No.50825279

>>50825047
What even fully decentralized stablecoin is there?
RAI?

>> No.50825339

>>50825169
DAI is like 50% USDC and additionally the DAO is going to start dabbling in US treasuries, so yeah not decentralized at all.

>>50825279
I've heard good things about RAI

I know Kujira will be launching a fully decentralized CDP stablecoin called USK in a month or two, but that's in IBC land

>> No.50826655

>>50825279
LUSD
And yeah RAI too.

>> No.50827100

>>50824179
literally who?

>> No.50827368

>>50825339
>>50826655
Why not just stick to USDT?
Despite all the shits it got over the years, it hasn't failed.

...or will it?

>> No.50827650

>>50827368
They can freeze your money.
It's mostly fine though if you're not doing anything like interaction with Tornado Cash or whatever.

>> No.50828474

>>50827368
USDT is just the chink version of USDC, both are 100% centralized and can freeze your assets whenever they want

>> No.50828490

Anyone buying FLX or is only the stable coin useful? or is it going to get rugged like luna:

>> No.50829039

>>50825004
Someone (or some pools) bought, it never got redeemed, marketcap the same debt/asset ratio the same, just changed hand