They're calling this a stablecoin but AFAICT there's no direct mention of blockchains or decentralization or anything else along those lines, have we wrapped all the way around to using crypto nomenclature to talk about plain old centralized ledgers?

Not that I'd complain about one less pointless blockchain in the world, it's just funny.

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JumpCrisscross 14 hours ago | parent | next [-]

The product page [1] is the most vaporware-y that I’ve seen in a while.

That said, they’re emphasising speed. (“Instant.”)

That seems to preclude using a major, public blockchain. (On the other hand, they don’t talk up privacy.)

[1] https://netdollar.cloudflare.com/

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wmf 14 hours ago | parent [-]

If you define instant as less than half a second then Solana, Avalanche, and various L2s are instant.

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JumpCrisscross 14 hours ago | parent | next [-]

> If you define instant as less than half a second then Solana, Avalanche, and various L2s are instant

I suppose. I don’t see why Cloudflare would want to give up that sort of control. The advantage they bring to the table is they’re a trusted brand per se.

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wmf 14 hours ago | parent [-]

Since most existing blockchains are open source they can just create their own Flarechain™ based on existing code. This would give them de facto control but also the appearance of decentralization at the same time. My point is that it's technologically possible.

	▲	JumpCrisscross 14 hours ago \| parent [-]
		> My point is that it's technologically possible Oh totally, that’s why I qualified blockchain with major and public.

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Yizahi 5 hours ago | parent | prev [-]

L2 are by design a centralized crutch to "fix" slow L1. They usually work like "oh, let's do all transactions virtually on a side, managed by some centralized pseudo-bank, and then only write sum total on L1". Lightning works like that, likely others too. I don't understand how tokenbros ignore this issue, a least people who claim that tokens are currency replacement.

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lomase 14 hours ago | parent | prev [-]

Blockchain is not hype anymore, I bet they talk about AI or LLMs.

Edit: I was not wrong.