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John
@silentjohn
Crypto getting roasted. I guess my question still stands. From a leftist perspective, is there much to celebrate aside from institutions and billionaires buying our bags? https://jacobin.com/2024/11/crypto-political-influence-trump-regulations/ https://warpcast.com/silentjohn/0xa80cb2b5
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Thumbs Up
@thumbsup.eth
None of this is actually new, but it shouldn’t be understated how much peer-to-peer lending like Aave and Notional can help the unbanked. It shouldn’t be ignored that in most countries sending USDC, DAI etc is faster, cheaper, and less restrictive than any remittance service like WesternUnion. Other notable mentions: - Zcash and MimbleWimble Litecoin help activists, journalists, and sex workers evade unlawful financial cencorship and surveillance. Monero appears to be heavily tracked if Chainalysis is to be believed - PoolTogether continues to encourage people to save rather than speculate. This benefits the unbanked who could easily be ushered towards poor financial decisions that could ruin them - Union finance allows for social lending where stakers vouch for others to get them access to community credit. I haven’t seen the numbers on how much this is used but this is very left-coded and very positive sum - SPOT/USDaf may have broken the need to rely on USD (war/oil money) for secure stablecoins
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kichong.eth
@kichong
Still good for building apps resistant to central authority. Still good for for taking power away from banks/ the Fed.
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Icetoad 🎩 🍕 🎶 🐈 💚
@icetoad.eth
I'm hoping for sensible regulations that protect investors but still give the industry room to spread its wings. Something like what we have here in Canada.
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Purp🇵🇸
@purp
The blockchain socialist and bread chain is a super good example https://breadchain.mirror.xyz/ But it's also important to realize the reason liberals like Warren are so anti crypto is because it weakens the Capitalist stranglehold on financial security , it weakens fiat wealth and it weakens America's ability to carry out economic warfare by means of sanctions. There's tons from a leftist perspective of why we should be using crypto to if anything weaken the capitalist stranglehold on wealth acculumalition
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