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Re:Joint Statement by the Department of the Treasury, Federa... by machina_ex_deus on Sunday March 12, 2023 @09:27PM (#35129431)
This is going to be the beginning of the end of the banking system. I foresee a huge dollar collapse, the US banking system has just lost its final shred of credibility. It's only a facade of a bank at this point. It's just privileged people with a government mandate to leverage on everyone else's money with no consequences.

Might as well go crypto. The old system is so clearly busted. Anything but this shell game really. It's just waiting to blow up spectacularly one last time as all these greedy bastards will bet everyone's money on some absolute crap again.

Re:Joint Statement by the Department of the Treasury, Federa... by tppiotrowski on Sunday March 12, 2023 @09:29PM (#35129453)
Crypto undergoes hard-forks when "special" circumstances arise. It's not immune to unpredictable events.
Re:Joint Statement by the Department of the Treasury, Federa... by machina_ex_deus on Sunday March 12, 2023 @09:58PM (#35129767)
It's more immune to moral hazards. But I'm not really into crypto, I'm just purely frustrated by the current system. It's an absolute joke at this point.