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#blockchain

9 posts9 participants1 post today

a crypto explosion with a 'genius act'... — for much deliberation

'there has been a significant explosion in the world of cryptocurrency. the digital currencies have gained popularity among investors, traders, and even everyday consumers looking for a quick alternative to making extra cash minus the traditional financial systems...'

#cryptocurrency #donaldtrump #geniusact #DigitalAssets #bitcoin #ethereum #dogecoin #investing #Cryptomarkets #blockchain #opinions

write.as/for-much-deliberation

for much deliberation · a crypto explosion with a 'genius act'...there has been a significant explosion in the world of cryptocurrency. the digital currencies have gained popularity among investors, traders, and even everyday consumers looki...

Why most radical tech is pointless, and why #indymediaback isn’t

Almost everything built in today’s alt-radical tech scene is, bluntly, pointless. Despite good intentions, most of it ends up feeding the endless cycle of #fashernista churn, flashy new platforms, bleeding-edge protocols, or encrypted communication tools nobody uses, built by isolated teams disconnected from real-world needs or history. This is the #geekproblem: a culture where novelty is fetishized, and social usefulness is an afterthought, if it appears at all.

Examples:

Secure […]

hamishcampbell.com/why-most-ra

www.addtoany.comShare to Mastodon - AddToAny

"Prominent crypto firms such as Robinhood, Republic, Coinbase, and Kraken are rapidly moving towards “tokenizing” traditional stocks, and pressuring regulators to allow it. Instead of buying your shares of publicly traded firms via a brokerage account that places orders on the NYSE or Nasdaq, you would use a crypto trading app to purchase a token representing a share. Companies hoping to develop such platforms usually promote the idea by saying that a blockchainified stock market would expand trading hours, and would be more accessible to international investors who didn’t want to go through the somewhat onerous process of opening an American brokerage account.

These companies don’t usually admit that, by encasing stocks in a blockchainy wrapper, they hope to tap into lucrative equities markets while sidestepping the expensive compliance and oversight requirements of traditional American brokerages and exchanges. This fits the long history of companies trying to use blockchains as a magic get-out-of-regulation-free wand, reminiscent of the 2017 bubble when companies used “initial coin offerings” (ICOs) to try to sidestep IPO regulations.d Indeed, Robinhood has been heavily lobbying for “a new regulatory approach [that’s] needed to allow tokenization to flourish” and not “stifle growth and innovation”.1 Regular readers of this newsletter will recognize this language as the standard rhetoric of a crypto company asking for carveouts and exemptions from regulations we collectively learned are necessary, oh, about a century ago — when a speculative bubble emerged around stocks sold to the public based on false or incomplete information and we wound up in the Great Depression."

citationneeded.news/issue-88/

Citation Needed · Issue 88 – The stockchainCrypto firms hope putting a blockchain veneer on traditional equities will allow them to sidestep lessons learned in the 1929 Wall Street crash, crypto firms look to become banks, and Congress celebrates crypto surveillance while claiming to outlaw it