Dogecoin is the toy of a billionaire and not the coin of the common man.
Fungibility in #Monero & #Bitcoin
Dr. Daniel Kim
Stablecoins like #USDC bring the fiat money system's flaw of money expansion without limits into the crypto space and then serve as an argument for regulation. Decentralised cryptocurrencies such as #Monero, on the other hand, cannot be regulated. At most, they can be banned.
Today's agenda on campus. #Monero
"With approval of the Treasury Secretary, the Department of the Treasury will make available up to $25 billion from the Exchange Stabilization Fund as a backstop for the BTFP. The Federal Reserve does not anticipate that it will be necessary to draw on these backstop funds." #SVB
https://www.federalreserve.gov/newsevents/pressreleases/monetary20230312a.htm
"Depositors will have access to all of their money starting Monday, March 13. No losses associated with the resolution of Silicon Valley Bank will be borne by the taxpayer." #SVB
Department of the Treasury
March 12, 2023
https://www.federalreserve.gov/newsevents/pressreleases/monetary20230312b.htm
USDC vs DAI
1 #BTC = 147 #XMR
How do you find out that a cryptocurrency belongs to the fiat money system? You wait for Monday.
The #TwitterFiles show that there is an active Ministry of Truth.
Snapshot March, 12th
#Monero Nodes: 11092
(Source: monero.fail)
#Bitcoin Nodes: 16754
(Source: bitnodes.io)
Money deposited in a bank is not your money.
1 #BTC = 142 #XMR
US banks collapse
The #Dai stablecoin, on the other hand, succeeds where #Bitcoin fails precisely because Dai is designed to minimize price volatility. A decentralized, unbiased, collateral-backed cryptocurrency that is soft-pegged to the US Dollar, Dai’s value is in its stability.
DAI White Paper
This is what a chart looks like if you don't want to take any risk, i.e. if you want to escape volatility. #USDC
#FiatMoney at work
https://edition.cnn.com/2023/03/10/investing/svb-bank/index.html