* Dam-breaking noises intensify * https://twitter.com/jordanbpeterson/status/1138884519669436417 … ...
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Replying to @CruisingGallows @Outsideness
I just don’t understand this line of thinking. Empires rise and fall, but this 40 year old financial services company is an immutable bulwark.
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Replying to @ChaseWPatterson @CruisingGallows
It's not as if the disintermediation of the payments gate-keepers isn't part of the process (and even the spearhead of the process).
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Really, cryptocurrencies are not a very new thing now. I am half surprised "radioactive" bloggers, authors didn't use it extensively and relied on Mastercard. Fluctuating exchange rates are a problem. Is there a way to stabilize one crypto to the USD? For those who want to.
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Replying to @DividualsTweet @Outsideness and
Fluctuating crypto price is not a problem. There are several coins that maintain 1:1 peg to the USD ("stablecoins").
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Replying to @slaavski @DividualsTweet and
For those who want to be pegged to civilizational collapse for some reason.
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Replying to @Outsideness @DividualsTweet and
Well, if you're trying to run a business right now, before civilisation has collapsed and USD has ceased to be a thing, you need to be able to take payments in a digital currency that doesn't have 10%+ swings in an hour.
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Replying to @slaavski @DividualsTweet and
A 10% swing within the context of vertiginous USD collapse isn't a big deal. "OMG I only got 7,500 BTC per USD rather than 8,200" is surely manageable.
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Replying to @Outsideness @DividualsTweet and
It is a big deal to most people who still live in a petrodollar-denominated world. They just want to be able to send and collect donations and process payments without bullying by fiat currency payment processors or fear of having their bank account closed by the cathedral.
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They need shaking up. Delegitimization of the Cathedral economy is the big game.
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