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Terrell Jermaine Starr
@terrelljstarr
One of the things that’s drawing me to the crypto world is how people in nations with unstable currencies use it. I am also drawn to how nations like Ukraine use it as it fights an invasion against Russia. I want to use my role as an independent journalist to better understand how cryptocurrency empowers people in ways that traditional currency doesn’t. I am very new to this field, so I am very open to feedback from anyone. @farcaster community feels like a friendly one to newcomers. I am especially open to interesting stories I can pursue while I am in Ukraine (starting at the end of May), as well as stories across Europe and elsewhere. Reading this at the moment. https://finance.yahoo.com/news/ukraine-considers-23-personal-income-191526264.html
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Leeward Bound
@leewardbound
there's a lot of steaming hot garbage in the industry that absolutely crushes the soul but it was a real pleasure, and a real feel-good inspiration, to meet dozens of South Americans at devcon6 who 1) had no crypto background or industry knowledge 2) came from places rekt by inflation and 3) praised/loved/cried about the miracle of global stablecoin access and how it had literally saved their lives, families, homes, etc truly the first time i looked at the original cypherpunk "let's destroy the monopoly on finance" ethos i joined crypto for as a resounding success
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Chris Carlson
@chrislarsc.eth
But stablecoins aren’t decentralized bro 😎
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Leeward Bound
@leewardbound
i think you are trolling me 😘 but ill respond to this talking point anyway bc people still bring it up and i think it misses the point 1) the internet is decentralized, and therefore it matters less if each website on it is centralized or not, same with crypto (tho you could argue that centralized actors in both web2 and stablecoins have consolidated power and created undesirable surveillance machines). more websites is generally good for the adoption and proliferation of the internet, even if they are centralized. same with apps on a blockchain. 2) there needs to be an asset class for people who hate banks but don't want speculative exposure to rollercoaster assets, and trusting/using/sending/receiving USDC/USDT is still way better than the JP Morgan equivalent for these users 3) only the first-gen bank-backed (albeit dominant marketshare) stablecoins are centralized, second gen decentralized stables (makerdao) and beyond (reserve.org) are still iterative projects but show a ton of potential
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