brihuang95

"By cryptographically locking an exchange rate forward-contracts into a decentralized, blockchain-based escrow structure could protect an exporter and an importer from currency volatility over the timeframe of their trade deal without either party having to trust the other, or anyone else, to hold the funds. Voilà, no need for the dollar to sit in the middle.

Under this system, a Brazilian farmer could agree to provide a Chinese hoggery with soymeal feed for its pigs at a real-to-renminbi exchange rate fixed at signing, knowing that a smart contract would automatically deliver those funds upon arrival of the shipment in Shanghai. With the right oracles in place, all this would happen peer-to-peer without either side having to trust the other’s promise to deliver the funds or the goods.

As such, they could eschew the grossly inefficient current system in which a U.S.-regulated correspondent bank typically acts as the trusted third party in the deal, first exchanging the importer’s renminbi into dollars and then converting them into reals for the Brazilian exporter. If such arrangements proliferated, I have argued, it would reduce global trade-related demand for dollars and, by extension, diminish investment in dollar reserve assets such as U.S. government bonds."

I thought this was a very interesting article, especially this bit here. What do people think?

I've been using Brave for the past three or so years but I do know that Linux/privacy enthusiasts tend to swear by Firefox. Wanted to get people's thoughts on this topic to see if I should be making a potential switch. Thanks!

Still a wait and see for me but this is sounding promising at the very least

This is very interesting 🤔

I had assets on Atomic at one point...glad I moved em off

Was thinking about trading in my gaming laptop and opting for a tablet to be more mobile. Any Linux tablets out there? Or would it be better just to by like a Surface and install Linux that way? TIA

Crazy week for crypto!