Well, well, well, Goldman Sachs joined the crypto game.
Since Goldman Sachs is a collection of giant assholes and total pussies who lack vision and balls, but instead find underhanded, slimy, cowardly ways by which to fleece the society around it, the USD Coin will be tied to the US dollar.
By doing this they hope to bring some stability and confidence to the cryptocurrency market. That’s totally fine. Crypto is erratic to say the least, and it does have the tendency to crawl up its own butthole occasionally, just like any “next big thing”.
But it seems like Goldman Sachs is trying too hard to have it both ways. Like greedy, petulant drug-users, they want the buzz of the head-spinning ups without the skin-shivering cold of the deep, dark downs. As a result they’ve simply taken a US dollar and called it Circle USD! Woooo!
It seems to me that they are betting a little heavily on the poorer instincts of crypto users, which I would normally say has a good chance of working, expect…
This strikes me more like someone trying to infiltrate a gang of buggering, crime-loving pirates by playing up the gay pride angle. Sure, they jam each other in the ass once-in-a-while, but, um, that’s not the main thing here…
Well good luck to Goldman Sachs as they trade, um….United States legal tender via block chain.
You have to lose the hate. If you have a usd-pegged crypto then you are much better off that it is done by a regulated bank. It would be just a reserve currency like yesterday and today when the market drops.. and you are on Binance or Bittrex with no way out but to use one of these USD coins. They are necessary evil but bring no value to the crypto world.
Screw Goldman Sachs. Trying to take credit for cryptocurrency when Jamie Dimon verbally expressed his hate towards Bitcoin. They are pieces of shit, but it's difficult to stop them.
Totally hear where you're coming from.
Excellent post!
Haha what a funny post. Yup, getting bankers into crypto totally eliminates the point. I'll know to stay away from this coin, if I see it up anywhere.