Just a moment...
www.axios.com

President-elect Trump launched his own cryptocurrency overnight and swiftly appeared to make more than $25 billion on paper for himself and his companies.

Why it matters: The stunning launch of $TRUMP caught the entire industry off-guard, and speaks to both his personal influence and the ascendancy of cryptocurrency in his administration.

  • It also speaks to the nature of the crypto industry that someone could have $25 billion worth of something that literally did not exist 24 hours previously.
  • FaceDeer@fedia.io
    2·
    1 month ago

    So do cryptocurrencies. Maybe not for you, personally, but other people have legitimate uses for them.

      • Preflight_Tomato@lemm.ee
        3·
        1 month ago

        Bitcoin is the most secure banking method.

        Though blockchain tech produces new problems that ultimately make it useless outside of a store of value.

      • FaceDeer@fedia.io
        3·
        1 month ago

        You’re going to use that “is not better served in another way” clause to wiggle out of anything I might suggest, but okay.

        The Ethereum Name System is a permissionless and fully decentralized version of the Domain Name System. Lacking central servers and control means it can’t suffer outages like DNS does.

        • amzd@lemmy.world
          6·
          1 month ago

          a permissionless and fully decentralized version of the Domain Name System. Lacking central servers and control means it can’t suffer outages like DNS does.

          Oh nice no more regular outages like checks notes visa that one time 7 years ago for 40 minutes

        • Snot FlickermanEnglish
          2·
          1 month ago

          Sounds like an overly complicated and resource intensive way to have failover servers to me, and I’m usually pro-decentralization.

          I don’t experience DNS interruptions when I’m running multiple failovers.

            • OwlHamster@lemm.ee
              5·
              1 month ago

              You’re going to use that “You’re going to use that “is not better served in another way” clause to wiggle out of anything I might suggest, but okay.” clause to wiggle out of anything they might suggest, but okay.

            • JackbyDev@programming.devEnglish
              2·
              1 month ago

              I’m relatively open to crypto, but ens is like one of the goofiest examples to pick in my opinion. I also believe they’re going to use that “better” clause to wiggle out of anything, but I also believe the example you used it very weak.