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Comment Re:So conflicted... (Score 1) 34

Absolutely! At the very least, mark the paywalls and put forth at least some effort to include wallless sources. There should be some due diligence required regarding finding open sources, preferring balanced sources, or including disagreeing sources when dealing with highly opinionated material/sources.

A brief search of "wikipedia ai review" turned up six other sources for this story on the first page.

Comment Re:And when some of the "stable" coin co's (Score 1) 65

So, make the exchanges banks? Why not just throw crypto out and keep the banks?

How is this not just an unneeded reinvention of the wheel? We already have banks, we already have currency, we already have international trade and currency exchanges, we already have electronic transfers... why do we need this mess?

Comment Re:Scale (Score 1) 65

If you empty your savings account to buy a stablecoin, you just drained it and gave it to someone else so they could put it in their account in exchange for a turd on a wire that they claim represents those dollars you gave them.

But what I can't wrap my head around is why anyone would want to do that. You don't have to buy stablecoins to spend dollars, you can just spend dollars. That is true across the globe, in almost every other nation. Why create a new currency exchange system that people would have to use domestically? What lunatic wants to exchange dollars for stablecoins so that they can use them to buy things IN DOLLARS?!?!

Finance is already byzantine and opaque. Why make it worse?

Comment What? (Score 1) 65

I don't understand the issue or problem. If you can't charge interest on these things, how are banks having to pay interest on them? How do you have a currency that can't earn interest? Doesn't that mean it can't be lent/borrowed?

What the hell are these things? What are they for? Why should they exist?

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