Maybe the NDP should stop being so foolish then. The party literally does nothing for the poor, we have a world class housing bubble and its Pierre thats beat the drum for years, then people wonder why the NDP is irrelevant as they continue to support mass immigration into a housing shortage.
teppa
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teppa@piefed.cato
Canada@lemmy.ca•Crypto industry pushing Canada to follow U.S. lead in embracing stablecoinsEnglish
0·8 months agoIts not crypto, its a treasury backed digital currency. Though crypto is fine too if someone wants to hold a sovereign asset, or a digital currency backed by gold, or shares of the S&P500, anything people want to use as a medium of exchange.
Arguing we are already in a fair society where the rich arent catered to is silly to me, look at stock valuations and price to income ratios on real estate. All that currency debasement hasn’t helped the poor one iota.
teppa@piefed.cato
Canada@lemmy.ca•Crypto industry pushing Canada to follow U.S. lead in embracing stablecoinsEnglish
0·8 months agoWe already do, hence the ability to choose alternative.
We buy half of all mortgage bonds in Canada to artificially depress the currency to prop up asset prices for instance, it would be nice to have competition in currency to prevent such manipulation that benefit the rich.
teppa@piefed.cato
Canada@lemmy.ca•Crypto industry pushing Canada to follow U.S. lead in embracing stablecoinsEnglish
0·8 months agoLet people use what they want.
Canadians voted for the same party that was already eroding privacy, so I don’t know what they expect.
Michael Geist has been talking about it for years now.