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> Except that I already agreed with the article before you commented [0], so it isn't Whataboutism. Apologies but I really had a tough time parsing the last s
by ShamelessC 5y ago
> Except that I already agreed with the article before you commented [0], so it isn't Whataboutism.
Apologies but I really had a tough time parsing the last sentence in your initial comment for some reason. I see now that you agreed with the article. I'll concede that you were not technically using that strategy in its purest form. You were, however, deflecting to another issue.
> How can a regulated stablecoin like USDP or USDC, or even CBDCs sitting on a cryptocurrency technology like XRPL or the Stellar Network etc. be 'highly speculative'?
I said "cryptocurrencies" to refer to cryptocurrency broadly (so not just stablecoins). I had hoped that was obvious, apologies.
Machine learning has offered tangible benefits for natural language processing (GPT), semantic search (CLIP/faiss indices), digital art (GLIDE/DALL-E) and protein folding (AlphaFold).
Cryptocurrencies certainly promise to solve a lot of very severe issues in the world such as banking for the unbanked but it's less obvious when it accomplishes these goals. Could you list some tangible benefits that have been accomplished already in the crypto scene?
- rvz 5y ago> Could you list some tangible benefits that have been accomplished already in the crypto scene? The partnership between Moneygram and Stellar. [0] Using the USDC stablecoin on the stellar network for near-instant settlements and transfers. Stellar pilot into CBDCs in Ukraine, [1] and Ripple used for CBDCs for Bhutan. [2] [0] https://ir.moneygram.com/news-releases/news-release-details/moneygram-announces-innovative-partnership-stellar-development https://ir.moneygram.com/news-releases/news-release-details/... [1] https://www.coindesk.com/policy/2021/12/14/ukraine-commercial-bank-to-test-digital-currency-built-on-stellar/ https://www.coindesk.com/policy/2021/12/14/ukraine-commercia... [2] https://ripple.com/insights/bhutan-advances-financial-inclusion-and-sustainability-with-ripples-cbdc-solution/ https://ripple.com/insights/bhutan-advances-financial-inclus...