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Started By
Message
re: Democrats Thune/Paul/Hawley kill Trump's Pro-Crypto Legislation 48-49
Posted on 5/8/25 at 3:33 pm to SlowFlowPro
Posted on 5/8/25 at 3:33 pm to SlowFlowPro
quote:
I know, and none have made a dent in anything, let alone challenging USD.
Nobody is going to invest in a stablecoin attached to some other currency at a large enough scale to compete with the USD-aligned stablecoins
People just use them to jump from one meme coin to the next trying to get rich quick on some pump and dump scheme. But the stable coin creators are making money.
Tether Holdings Limited reported a net profit of $13 billion in 2024.
0
Posted on 5/8/25 at 3:33 pm to SlowFlowPro
quote:
Nobody is going to invest in a stablecoin attached to some other currency at a large enough scale to compete with the USD-aligned stablecoins
All of those are USD aligned. What are you talking about?
Posted on 5/8/25 at 3:35 pm to MrLSU
So what exactly has been accomplished by having majorities in the house and senate? The confirmations? That's it?
Trump has done his work by EO. These no good SOBs have wasted a golden opportunity to not only help themselves but America. And they still won't cooperate. They simply would rather be in the minority and cry about the Democrats.
Trump has done his work by EO. These no good SOBs have wasted a golden opportunity to not only help themselves but America. And they still won't cooperate. They simply would rather be in the minority and cry about the Democrats.
This post was edited on 5/8/25 at 3:39 pm
Posted on 5/8/25 at 3:36 pm to CR4090
quote:
Trump has done his work by EO. These no good SOBs have wasted a golden opportunity to not only help themselves but America. And they still won't cooperate. They simply would be in the minority and cry about the Democrats.
That's a feature, not a bug in our modern governance, baw.
Posted on 5/8/25 at 3:38 pm to DallasTiger11
quote:
All of those are USD aligned. What are you talking about?
Go read the quote that started this digression.
Posted on 5/8/25 at 3:45 pm to GumboPot
Which scam specifically are we talking about?
The Trump meme coins?
World Liberty Financial?
The blatant insider trading?
The Trump meme coins?
World Liberty Financial?
The blatant insider trading?
Posted on 5/8/25 at 3:47 pm to mwade91383
quote:
The blatant insider trading?
We are finally going after pelosi?
Posted on 5/8/25 at 3:55 pm to RohanGonzales
Why would we do that?
Do you frown upon that kind of thing….oorrr???
Do you frown upon that kind of thing….oorrr???
Posted on 5/8/25 at 4:04 pm to KiwiHead
quote:
At least three are hip to the scam.
Please enlighten us... What is the scam?
Posted on 5/8/25 at 4:05 pm to SlowFlowPro
quote:
So was this a bill to enact a huge federal-regulatory scheme?
All the downvotes on this question.
Posted on 5/8/25 at 4:07 pm to DallasTiger11
quote:
quote:
Nobody is going to invest in a stablecoin attached to some other currency at a large enough scale to compete with the USD-aligned stablecoins
All of those are USD aligned. What are you talking about?
He has no idea what the frick he's talking about. He's just pumped that Trump took an L, thanks to TDS RINO f@gs like him (TDSFP).
Posted on 5/8/25 at 4:10 pm to aTmTexas Dillo
quote:I suspect this concept will get a revisit.
Democrats Thune/Paul/Hawley kill Trump's Pro-Crypto Legislation 48-49
The Dems want a US Digital currency deployed which will allow highly intrusive individual privacy infringement.
Paul wants no US oversight at all, which, for stablecoin, essentially forces consumers into the grasp of the likes of Sam Bankman-Fried.
Both positions SUCK!
It's almost like Rand has lost his damn mind recently.
Posted on 5/8/25 at 4:27 pm to BTROleMisser
quote:
He has no idea what the frick he's talking about. He's just pumped that Trump took an L, thanks to TDS RINO f@gs like him (TDSFP).
Posted on 5/8/25 at 4:28 pm to NC_Tigah
quote:
Paul wants no US oversight at all, which, for stablecoin, essentially forces consumers into the grasp of the likes of Sam Bankman-Fried.
Both positions SUCK!
It's almost like Rand has lost his damn mind recently.
What part about being libertarian/small government is in conflict with his stance on this issue?
Posted on 5/8/25 at 4:36 pm to GumboPot
Crypto.....it's a Ponzi scheme. If you want Fiat currency, you already have it. Don't give your fiat currency to the Winklevoss Twins so they can pump up the value of their crypto holdings then cash out in dollars and buy a huge place in the Hamptons and Newport.
Crypto .....Bitcoin has nothing backing it. No asset or a commodity or real estate that can produce or have real use other than itself. It's backed by dollars and people's belief in its value. Unlike Nvidia, Tesla or Proctor & Gamble that has a product attached to its value.
Crypto .....Bitcoin has nothing backing it. No asset or a commodity or real estate that can produce or have real use other than itself. It's backed by dollars and people's belief in its value. Unlike Nvidia, Tesla or Proctor & Gamble that has a product attached to its value.
Posted on 5/8/25 at 4:58 pm to SlowFlowPro
quote:First off, there WILL BE USD-based Stable Coins.
What part about being libertarian/small government is in conflict with his stance on this issue?
That is a given.
The USD-based digital coins will be trusted (rightly or wrongly) ... and accepted.
You think blue collar folks should lose their entire savings because the US government had not a damn thing to do with the supposedly USD-pinned SC?
The obligatory rhetoricals (assuming you know the answers)
Do you know what a stable coin is?
Do you understand how it is supposed to be managed?
Are you familiar with what went down with SBF and others?
Why in the world would you NOT want regulation for a digital representation of a fiat currency which is HIGHLY managed?
This post was edited on 5/9/25 at 7:55 am
Posted on 5/8/25 at 5:04 pm to MrLSU
Send Paul’s neighbor back over to visit him.
Posted on 5/8/25 at 5:05 pm to MrLSU
The right is so fricking weak. This never happens to a left president.
Posted on 5/8/25 at 6:47 pm to SlowFlowPro
quote:
Go read the quote that started this digression.
Which one?
Posted on 5/8/25 at 6:48 pm to KiwiHead
quote:
Crypto.....it's a Ponzi scheme. If you want Fiat currency, you already have it. Don't give your fiat currency to the Winklevoss Twins so they can pump up the value of their crypto holdings then cash out in dollars and buy a huge place in the Hamptons and Newport.
You’re an idiot. This thread is about stablecoins. Literally tokenized fiat currency.
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