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A comment on U.S. Secret Service Launches Cryptocurrency Awareness Hub. Parent comment

Re:U.S. Secret Service Launches Cryptocurrency Awareness Hub by PretzelPirate on Wednesday February 23, 2022 @08:49AM (#30440882)
Crypto can be an income-generating asset just like any stock that pays dividends. You can use lending protocols or act as a liquidity provider and, in many cases, have your income earned in a stable coin (such as USDC).
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Re:U.S. Secret Service Launches Cryptocurrency Awareness Hub by pjc50 on Wednesday February 23, 2022 @09:20AM (#30441200)
Hilariously, crypto has reinvented fractional reserve banking. "Staking" is just traditional fixed-duration lending, but with some weird caveats and liquidation rules borrowed from margin trading that you need to read carefully.
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Re:U.S. Secret Service Launches Cryptocurrency Awareness Hub by cuteboy19 on Wednesday February 23, 2022 @09:58AM (#30441685)
Most importantly, it has no real guarantee. There is no reason why our beloved Tether inc can't just vanish from its Cayman Islands headquarters one day
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