News for hackers. Stuff that matters.
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.
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