Drag queen trump: you better hold onto your man honey, because I’m known for separating families, okayyyy?

No, we need a completely new force. Disband Space Force and rename it Ass Force. We need people who are 100% dedicated.

This is it, we need a secret bathroom police to uncover the shitters among us.

Cackling at this one. We’ll done.

DeJoy

Not by name, but look up investment DAOs or tokenized stocks

There’s plenty of things like that. They serve to give the rest of the globe access to US markets. But it’s not called stablecoins since that wouldn’t make sense.

If someone wants to use an AI video editor to make rough cuts of socialist agitprop that they couldn’t otherwise afford to make solo, then I would encourage them to do just that. It’s better than the alternative, burying our head in the sand and cedeing that ground to some right winger. It’s just a tool.

Awaken from my pile of newspapers, and then comically rub my eyes before taking a second look, mouth agape.

This technology doesn’t actually work though, and all these companies are just falling for hype… right?

What’s the clear articulatable political agenda to address this problem then?

“Hey everyone, don’t use this stuff that you think makes you more productive at work.” Lmao

It’s up to the mods, and kind of a site culture thing. People just want to dunk, theyre tired from work etc, all the standard arguments. Don’t expect a lot from the site that enshrined badposting and fakenews.

Some of us have been calling this kind of thing out. But yall piggies like to wallow in shit.

This bubble will pop and another one will form because of the structural issues at play. What Would Karl Do?

Yeah, agree with everything you said here.

Of course it’s not risk free, namely because you have to hold funds on a crypto exchange lol. It’s not like you get paid out just for holding funds in a private USDT wallet, although such a thing might exist in the defi space, I don’t care enough to check. It potentially makes sense if you can’t access US capital markets any other way though.

Also afaik, there’s no law requiring stablecoin issuers to hold any kind of treasury. It wouldn’t surprise me to see something like that pass eventually, but for all we know they’re buying dogecoin or some other harebrained “asset” behind the scenes.

Fwiw, there are plenty of exchanges that pay interest on stablecoins held, both USDC and USDT.

The US stands to benefit from pumping it because stablecoins provide an easy on ramp for new USD users globally. Tokens like USDC hold reserves in treasures, funding domestic spending etc.

I think the real reason is that there’s just nowhere else for money to go. The US isn’t going to reindustrialize for many reasons. It’s like squeezing a financial balloon in the center. A bulge is going to pop up somewhere, and it’s sure as hell not infrastructure or public spending, it’s fictitious capital.

Any competent government would try to make this idle speculative “investment” less profitable than making real goods and services, but instead they’re personally benefitting. Meanwhile new ETFs are being approved and Trump is opening trillions in 401ks to exposure here.

Plus you have companies like Microstrategy that won big by just buying up as much bitcoin as possible, providing sort of a floor of demand for this shit, which in turn creates a self fulfilling prophecy. Even companies like gamestop are getting into it, such that BTC becomes sort of a blackhole of financial investment.

Incidentally, Marxists who are “always right” should be able to see this idiotic trend coming years ago and make an absolute killing, but we have blinders on wrt technology. And besides, now isn’t the time to get in, so it’s irresponsible to even suggest it.

“The Smurfian society is an archetypal corporatist society, meaning that each Smurf that is identified represents a social function.”

WTF? Is this some archaic definition of corporatism?

One nameless Smurf realises he can play the system by making promises he can’t keep to each of his potential voters, and wins. But once elected, he rules as an autocrat, installing an oppressive regime marshalled by Hefty Smurf and forcing the other Smurfs to build him a palace. The book was translated into Dutch as De Smurführer.

Guardian:

communism?