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by dmabram 1374 days ago
"We don't like crypto for the sake of crypto—it's just the only viable way to create a new currency."

Really? The only viable way? It's like they've never heard of a bank. Banks accept deposits in USD. They invest those deposits in safe instruments like US treasuries. They return the deposit when requested. The deposits are insured by the FDIC. Just start a community bank and donate the proceeds to GiveDirectly. Poof, no crypto needed.

1 comments

A credit union would be better since the members would be able to vote on the leadership of the union.