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iced depresso (icedquinn@blob.cat)'s status on Thursday, 23-May-2024 23:28:43 JSTiced depresso @sun yeah its basically like. each vendor makes their own currency that is basically backed by nothing, and you can accept it as a payment, but then you have to trade it back to the exchange who created it to cash out any value.
there's some technical faff involved but that's basically what it was when i read it.
surprised they still haven't figured it out.