this coinslop means less bankslop which is actually an improvement, they're undoubtedly baking their "dollar" with tbills and they get to make 4 percent on every dollar transacted with no counterparty risk besides the full faith and credit of the US Government.
"Rules, triggers, and workflows can be embedded directly into payments, making them smarter and adaptable." -- are they smart contracts? What kind of workflows? Does the workflow involve sending messages to agents or making HTTP requests?
They're calling this a stablecoin but AFAICT there's no direct mention of blockchains or decentralization or anything else along those lines, have we wrapped all the way around to using crypto nomenclature to talk about plain old centralized ledgers?
Not that I'd complain about one less pointless blockchain in the world, it's just funny.
But I am sure this will really be the crypto coin to power the internet’s transactions. All the previous ones got it wrong, this is the solution. /s
Instead of this, we need a central bank that can provide everyone with a direct account to stop all the banking speculation. That’s the instant transactions I want.
I have found that grand announcements like these that aren't accompanied by "you can use this for <major use case> starting today" are likely not going to amount to much.
Dear whiners: the reason the internet sucks today is because this didn’t already exist. Do you know why Reddit did their horrible redesign and locked down their apps? It wasn’t because you didn’t complain loudly enough, it was because their shareholders were concerned about losing out on profits from data scraping AI companies. Do you know why Twitter can’t be read without logging in? It’s because their shareholders were concerned about losing out on profits from data scraping AI companies. Do you know why you don’t click Quora links? Because they don’t serve you useful results, because they’re concerned about losing profits from data scraping AI companies. Do you see the pattern here?
The open internet died a very long time ago. It’s been dead for years. It’s not coming back unless we figure out a way to make shareholders happy. Paying these companies for the content they host is how that happens.
> The Internet’s next business model will be powered by pay-per-use, fractional payments, and microtransactions—tools that shift incentives toward original, creative content that actually adds value
I don't understand this. How is pay per use and paywalling content going to incentivize the creation of original content? If anything, people are more incentivized to create low quality, generic content because they're not directly accessible by humans.
You all need to stop being so pessimistic. This is a great idea.
Want PBS to stick around? Make it so anybody who's sticking on chat GPT gets great answers from PBS and every time ChatGPT scrapes it, PBS gets money.
Is it extremely difficult? Obviously. Will it work? Probably not, very few things do. Is it a great thing that some folks are doing it and trying to make it work so that we can have a functional media ecosystem in a post-social-media age? Absolutely.
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[ 250 ms ] story [ 1156 ms ] thread[1] https://finance.yahoo.com/quote/CRCL/
But at least maybe that will rightfully discourage companies from using it.
The Australian dollar has gone up about 20% vs the American dollar since Trump.
Not that I'd complain about one less pointless blockchain in the world, it's just funny.
But I am sure this will really be the crypto coin to power the internet’s transactions. All the previous ones got it wrong, this is the solution. /s
Instead of this, we need a central bank that can provide everyone with a direct account to stop all the banking speculation. That’s the instant transactions I want.
No need to be totally cynic to kinda know how this will play out..
The open internet died a very long time ago. It’s been dead for years. It’s not coming back unless we figure out a way to make shareholders happy. Paying these companies for the content they host is how that happens.
I don't understand this. How is pay per use and paywalling content going to incentivize the creation of original content? If anything, people are more incentivized to create low quality, generic content because they're not directly accessible by humans.
Want PBS to stick around? Make it so anybody who's sticking on chat GPT gets great answers from PBS and every time ChatGPT scrapes it, PBS gets money.
Is it extremely difficult? Obviously. Will it work? Probably not, very few things do. Is it a great thing that some folks are doing it and trying to make it work so that we can have a functional media ecosystem in a post-social-media age? Absolutely.
Of course, one side effect will be crippling search engines as well. Maybe less important for driving traffic in the social media era?