@ISIDEWITHQuestionseconomyStarted 3yrs agoActive 1hr ago

Should the technology of our financial system transition to a decentralized protocol, that is not owned or controlled by any corporation, similar to the internet?

Decentralized Finance (commonly referred to as DeFi) is a blockchain based and cryptographically secure form of finance. Inspired after the financial crisis of 2008, DeFi does not rely on central financial intermediaries such as brokerages, exchanges, or banks to offer traditional financial instruments, and instead utilizes smart contracts on blockchains, the most common being Ethereum. DeFi platforms allow people to verify any transfer of ownership, lend or borrow funds from others, speculate on price movements on a range of assets using derivatives, trade cryptocurrencies, insure against…  

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Answer Overview

Response rates from 247 Marxism–Leninism voters.

74%
Yes
26%
No
50%
Yes
22%
No
9%
Yes, but I would prefer if the protocol was created and secured by a government agency instead of a decentralized protocol
4%
No, and I don’t understand the concept of decentralized finance
8%
Yes, this would reduce wealth inequality by providing more transparent, affordable, and inclusive access to financial services
7%
Yes, but only if it’s truly decentralized and cannot be manipulated by any person, group, or government agency

Historical Support

Trend of support over time for each answer from 247 Marxism–Leninism voters.

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Trend of how important this issue is for 247 Marxism–Leninism voters.

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Other Popular Answers

Unique answers from Marxism–Leninism voters whose views went beyond the provided options.

 @notme from California  answered…2yrs2Y

I don’t understand the concept of decentralized finance

 @9FKRMRS from Montana  answered…1yr1Y

What does this mean?

 @9F9JZ3J from Florida  answered…1yr1Y

im confused

 @9DL32SWfrom Maine  answered…1yr1Y

Gold standard.

 @9FFJJDF from California  answered…1yr1Y

I don't understand what this means.

 @9FHWW9T from Kansas  answered…1yr1Y

I don’t even know what this means

 @8WG795Q from Texas  answered…3yrs3Y

I do not understand.

 @9D5RHR8 from Ohio  answered…1yr1Y

Go back to the gold standard

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 @ISIDEWITH submitted…2mos2MO

Senate GOP Opts for Old Guard Over MAGA Maverick

Republicans on Wednesday elected Senator John Thune of South Dakota, their No. 2 in the chamber, to serve as majority leader in the next Congress, choosing a G.O.P. institutionalist to replace Senator Mitch McConnell of Kentucky, the Senate’s longest-serving leader.In elevating Mr. Thune, 63, G.O.P. senators turned to a traditional Republican in the mold of Mr. McConnell, and rejected a challenger more aligned with President-elect Donald J. Trump’s Make America Great Again movement.Mr. Thune made his case in an opinion essay on Fox News on Monday, arguing that Senate Republicans needed to fulfill Mr. Trump’s promises to voters in order to keep the support of a multiethnic, multiracial coalition that swept him into a second term.“If we fail to deliver on President Trump’s priorities, we will lose their support,” he wrote. “They have trusted us with their votes. Now we have to roll up our sleeves and get to work.”He also pitched colleagues on his plans to open up the Senate floor to more debate and amendments and said he would meet regularly with Speaker Mike Johnson.The newly elected leader will take the reins during a critical time for the Senate GOP. The party has a highly ambitious legislative agenda, including top priorities like tax cuts, the debt limit, government spending and more. Republican lawmakers are also openly eyeing a budget reconciliation package — a limited-use procedural option that would allow Republicans to pass a consequential bill without Democratic support. That’ll require major collaboration and potential deal-making from GOP leaders, both in the House and the Senate.

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 @ISIDEWITH submitted…2mos2MO

Vetting Fiasco: Trump's Defense Pick Caught in Sexual Assault Allegation Storm

CNN commentator and New York Times reporter Maggie Haberman said President-elect Donald Trump’s team missed Pete Hegseth’s payoff to a sexual assault accuser when they vetted him to be secretary of defense.Hegseth is among a raft of cabinet picks facing tough confirmations, and who aren’t being subjected to the customary FBI checks, instead being vetted by private firms. Over the weekend, Hegseth’s attorney dropped the bomb that there was a confidential settlement with a woman who accused the former Fox News host of sexual assault. On Monday night’s edition of CNN’s The Source with Kaitlan Collins, Haberman revealed that her sources in Trump world did not know about the payoff, which was missed in the vetting “because it was a private settlement”HABERMAN: There’s more concern from some people around Trump than there is from Trump himself, about this whole issue. Trump has really dug in, and has told advisers that he is going to stick with Hegseth. Now, we’ll see if anything else emerges.They did do a vet, we are told. This did not show up, this issue, because it was a private settlement, according to the people, who were briefed on what took place. Trump really likes Pete Hegseth. But this did introduce the thing Trump doesn’t like, which is an element of surprise and a negative headline. And so, we will see where this goes.

▲  59 replies

 @ISIDEWITH submitted…2mos2MO

AOC’s Shocking Discovery: Trump Supporters Back Her 'Populist' Stand

Rep. Alexandria Ocasio-Cortez (D-N.Y.) has taken to Instagram to listen to split-ticket voters from last week’s election, posting a question box asking “People who supported [President-elect] Trump & me OR voted Trump/Dem, tell us why” on her story. She received a variety of responses from her 8.1 million followers and beyond, citing reasons ranging from Trump and Ocasio-Cortez’s “care for the working class” to the war in Gaza. “I’m LISTENING,” she wrote. “Sometimes you gotta dig in and see it to understand and adapt! Even if it makes you want to barf.”“I support you and did this. Felt like I didn’t have a choice after Biden’s administration,” one reply said. “You are focused on the real issues people care about. Similar to Trump populism in some ways,” another said.“This is why I say that we should be signing up to knock on doors and be on the phones,” Ocasio-Cortez said in another story in response to a comment that said responses were “blowing [their] mind. “If you’re only tuning in to [mass media], you will think that most people fall along this spectrum, and a lot of people don’t.” She added that door knocking and phone banking are not a “junior thing” that politicians should grow out of. She also posted stories also asking about where leftists and Trump-supporting voters get their news from and shared some of those responses as well. Ocasio-Cortez glided to victory in her reelection race in New York last week, and will continue to represent the state’s 14th Congressional District.

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 @ISIDEWITH submitted…1 day1D

TikTok Goes Dark for 170 Million U.S. Users

TikTok went dark for American users in an unprecedented display of the U.S.-China divide over technology and national security.The app started halting service Saturday night for 170 million users in its most important market shortly before a law took effect requiring it to shed its Chinese ownership or close in the U.S. It marked the first time the U.S. government has compelled the closure of such a widely used app, and disrupted millions of American businesses and social-media entrepreneurs who use TikTok to connect with customers and fans.TikTok users started seeing a message late Saturday saying, “Sorry, TikTok isn’t available right now.”“A law banning TikTok has been enacted in the U.S. Unfortunately, that means you can’t use TikTok for now. We are fortunate that President Trump has indicated that he will work with us on a solution to reinstate TikTok once he takes office. Please stay tuned!” There is an option under the message to get more information, and clicking brings users to a link to download their data. The app wasn’t available to download from Apple or Google’s app stores.TikTok’s disappearance could be brief, however. President-elect Donald Trump on Saturday said he would likely give TikTok a 90-day extension from the potential ban after he takes office Monday. On Sunday morning, Trump posted on social media in all capital letters, “SAVE TIKTOK!”TikTok Chief Executive Shou Chew is scheduled to attend Trump’s inauguration, along with U.S. tech luminaries including Mark Zuckerberg, whose Meta Platforms owns TikTok rival Instagram.Trump’s comments were the latest in a flurry of last-minute statements that capped a yearslong saga complicated by U.S. presidential politics, conflicting geopolitical interests and the ambiguities surrounding enforcement of the law, which outlines hefty penalties for noncompliance. Before positioning himself as TikTok’s potential savior, Trump tried to ban TikTok in his first term. President Biden, who signed the bipartisan law last April, ended his term with aides saying he wouldn’t enforce it on his final day in office.TikTok and parent ByteDance have portrayed themselves as independent of China, but their ability to do any divestiture deal to satisfy the U.S. law has been constrained by Beijing. In recent days, Chinese officials have internally discussed options including allowing a trusted non-Chinese party such as Elon Musk to invest in or take control of TikTok’s U.S. operations.

▲  1213 replies