It's time for us in the tech world to speak out about cryptocurrency

Re:It's time for us in the tech world to speak out about cry... by idlewords on Sunday May 30, 2021 @05:42PM (#27337137)

If you look at that thread, people are relying on a company called Reserve, that essentially issues its own currency (a 'stablecoin'). This is the part that I don't get—how is it cryptocurrency when you are relying on trusted third parties?

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Re:It's time for us in the tech world to speak out about cry... by delaaxe on Sunday May 30, 2021 @06:28PM (#27337510)

Yeah that’s a good point, even the DAI stable coin which is touted as the most decentralized is actually backed by a lot of USDC

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Re:It's time for us in the tech world to speak out about cry... by ZephyrBlu on Sunday May 30, 2021 @06:53PM (#27337726)

I think their website answers your question: https://reserve.org/protocol

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