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postcynical

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Not that I would ever buy a BTC ETF since it precisely negates what I believe Bitcoin to be useful for, but if I had to, I'd pick the one that would convert the forked coins back to BTC immediately after the fork.

Would it actually be clear which fork is the winning one?

Monerium/EURe fully complies with EU e-money regulations. There's lots of similar products coming out in EU land, and more and more globally (e.g. euroe.com)

Most regulations apply to financial institutions, if your blockchain is provably decentralized (as in, nobody can rug/fraud you from your money), then a lot of regulations do not apply.

Fiat backed (hopefully :-): USDT, USDC, PAX Dollar (by paxos the same company behind pyusd)

Crypto backed: DAI, LUSD (backed by ETH), crvUSD, FRAX

EURO based (with full e-money licenses): EURe (monerium.com), EUROe (euroe.com)

FTX Yikes 4 years ago

I had to buy a flight urgently. But my credit/debit cards had to low of a balance. Topping ul via bank transfer would have taken 4 days over the weekend. Used a crypto backed card, transferrred tokens, and 30min later booked my flight.

Bitcoin. Ethereum. Etc.

They don't go down if you turn off your Raspberry Pi.

I also can be 99.9999% sure that they run correctly and Ethereum itself is pretty unhackable, as proven by the multi-billion bug-bounties.

The smart contracts running on Ethereum are open source, unlike your PHP script, can be audited, and if marked immutable, i'm sure no malicious person/business can hack or change it, and if they do it has an auditable backlog.

They're just a tech solution orchestrating (recurring) payments to your payment processors. So they don't have to do the same checks as processors. So they are only a technical single point of failure.

Based on my 25years experience with that line of work, this knowledge is not required at all and won't make you write better code. Some coworkers will question your competence, which is a disadvantage.

Hiring wise, if you've spent a few years programming without ever learning about "that bits&bytes thing", an employer is tempted to doubt your education, level of curiosity and/or general interest in your field.

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More positively framed: this is essentially charging for value added, not time spent. A contractor who saved/made the company a lot of $$$ can overcharge, knowing that his rate pales in comparison with savings/profits he made, so no one cares. However if he does not deliver enough value add, that sort of behaviour won't fly and he most likely will under-charge to avoid embarrassment.

Agree. Only fine men like George Soros and companies willing to pay enough to lawyers should be able to do so.

Also open source software should be banned, as everyone can search for security exploits. I see it the same with flash loans, etc. It forces DeFi protocols to safeguard against all attack vectors, resulting in a much more secure environment.