this post was submitted on 17 Jun 2025
272 points (99.6% liked)

politics

24208 readers
2632 users here now

Welcome to the discussion of US Politics!

Rules:

  1. Post only links to articles, Title must fairly describe link contents. If your title differs from the site’s, it should only be to add context or be more descriptive. Do not post entire articles in the body or in the comments.

Links must be to the original source, not an aggregator like Google Amp, MSN, or Yahoo.

Example:

  1. Articles must be relevant to politics. Links must be to quality and original content. Articles should be worth reading. Clickbait, stub articles, and rehosted or stolen content are not allowed. Check your source for Reliability and Bias here.
  2. Be civil, No violations of TOS. It’s OK to say the subject of an article is behaving like a (pejorative, pejorative). It’s NOT OK to say another USER is (pejorative). Strong language is fine, just not directed at other members. Engage in good-faith and with respect! 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.
  3. No memes, trolling, or low-effort comments. Reposts, misinformation, off-topic, trolling, or offensive. Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.
  4. Vote based on comment quality, not agreement. This community aims to foster discussion; please reward people for putting effort into articulating their viewpoint, even if you disagree with it.
  5. No hate speech, slurs, celebrating death, advocating violence, or abusive language. This will result in a ban. Usernames containing racist, or inappropriate slurs will be banned without warning

We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.

All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.

That's all the rules!

Civic Links

Register To Vote

Citizenship Resource Center

Congressional Awards Program

Federal Government Agencies

Library of Congress Legislative Resources

The White House

U.S. House of Representatives

U.S. Senate

Partnered Communities:

News

World News

Business News

Political Discussion

Ask Politics

Military News

Global Politics

Moderate Politics

Progressive Politics

UK Politics

Canadian Politics

Australian Politics

New Zealand Politics

founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[–] Knock_Knock_Lemmy_In@lemmy.world 1 points 12 hours ago

it makes it trivialize easy to issue any number of tokens (trillions? quadrillions? 2^64?) and then trade with them.

These are all fully visible. Gift cards we have no way of knowing how many there are.

Gift cards still have the limitation that you need a network to accept them,

Same with tokens. Only certain people will redeem certain tokens.

and they are commonly understood in accounting practices so retailers need to account for them.

Public blockchains are a triple ledger system. They are self accounting

How can we be sure that some random stablecoin is really backed by currency 1:1 like they claim?

Great question. Same with gift cards. Same with bonds.

The largest stablecoin in use today is Tether, which claims to have over $100B in circulation, all "backed 1:1". But every audit they have released has been deficient in some way.

Oh yes. I wouldn't touch Tether with a 12ft pole. I'm not saying stablecoins are good. I'm saying they are no different to what currently exists.