In fairness, while America may lose a Nobel prize winning chemist, they'll pick up several South African Nazis.

The 2008 crisis was created by financial institutions selling complex securities that were incapable of performing due diligence on to verify their solvency.

These were called "securitized mortages and default credit swaps."

The new version of this is called "tokenized assets."

Same difference.

Prepare to be screwed if you play in that market.

Why would somebody who believes in objective truths like science, want to live in a country where the ruling class has complete, un-challenged power?

Where you have no control or influence over what is done with your work?

Where one day you could be doing science stuff, and the next you could be imprisoned with no due process?

It's amazing this crap has lasted this far, but I understand so many people feel so disenfranchised they're willing to try anything, including "digital magic beans."

Here's a good Documentary on the subject that goes into how blockchain works and why it doesn't work.

The notion that AI will help social media is all you need to know that those folks haven't the slightest clue.

You have to be stupid to think you have "freedom of speech" on anybody's private network or subreddit. It's the height of narcissism to think that's some "right" you have.

Reddit is run by individual armies of people who carefully cultivate specific communities. They have every right to restrict the content in their communities, and you have every right to create your own community if you don't like it. Complaining that you're upset because you broke somebody else's rules is childish.

With no due respect, fuck Kevin Rose.

He's the one that killed Digg in the first place. He wouldn't know how to create a good social media platform if it was a 40oz out of a brown paper bag.

That means the guy they put the chip into **hasn't died yet**.

I wasn't under the impression the president can sign an executive order to spend such crazy amounts of money on.... nothing? Doesn't Congress hold the purse strings? Is this just another case of RFK Jr. not having a clue how things actually work?

It's a shame he wasn't cataloging evidence of clergy sexual abuse. That's a system that could really benefit from the latest in technology.

This "iNfLaTiOn" argument is so lame.

Nobody sits on a pile of cash for 10 years. If that's your idea of investing, you're an idiot.

And these people should be lucky. Chances are they'd have lost 100% of their principal if they had control of it. It was just luck they managed to get anything back.

I do not understand why this is still going on? Blockchain has been around 15 years and it hasn't demonstrated it's good at anything except money laundering and scam.

For those who still don't understand watch the documentary Blockchain: Innovation or Illusion? It was written by a software engineer and it explains precisely how the whole thing works and why it doesn't work.

Do people really think they're going to get rich on something like this?

It blows my mind that the absolutely buck-naked Emperor that is bitcoin & blockchain is still being touted as being even remotely useful.

Any basic example of how blockchain technology works pretty much indicates it is a fraud.

I guess the way modern media and journalism works is that if you take huge dump truck of bullshit and divide it into piles and make shit patties out of them and dress them up with lettuce and tomatoes and distribute them among a number of "de-centralized" restaurants, nobody will notice (due to the media taking them at face value without actually looking at the ingredients) they're all serving bullshit?

So... the notion of "trusted stablecoin" is an oxymoron. NONE of these, including USDC are anywhere near properly audited and regulated in the same vein as traditional financial institutions.

For an example, see the difference between audits and attestations.

So why the switch? Probably plausible deniability. USDT is more over-extended than USDC in the market right now. Coinbase figures more exchanges are going to collapse and if they insulate themselves from USDT they can claim they're "separate" until there's a similar run on USDC.

It's all a house of cards that's going to come crumbling down.

To even play with the system you have to give up an e-mail and a mobile phone number. It doesn't seem wise to give an AI company that much personal information.