Dubai Launches Its Own Cryptocurrency, Set to Become the City's Digital Currency

markets.businessinsider.com

27 points·azth··10 comments

"official" dub-pay.com website is offline https://web.archive.org/web/20210525120246/https://dub-pay.c...

domain is registered to Max Paani of Malaga, Spain via Center of Ukrainian Internet Names (UKRNAMES) https://domain.glass/dub-pay.com

a bit suspicious for a currency "controlled by both the city itself and authorized brokers"

This is a PR for a shitcoin that was launched in 2017. https://coinmarketcap.com/currencies/dubaicoin-dbix/

It spiked at 41 and 33 during the previous bull run 2017/2018. It is worth 86 cent right now, and should eventually be worth 0.

Don't gamble with shitcoin. Bitcoin is the only coin worth hodlin'

Speedy Doge disagrees.

I can't wait until my SHIB hits $10/coin!

Now at $1.15

And it's been removed from CMC since this morning. Ahhh gotta love the bullruns, and all the junk that rises (to inevitably fall).

I remember when all these 'regional' coins popped up a few years ago. They were useless then, and are useless now. Buyer beware.

They are all shitcoins, and it is all gambling.

except Bitcoin of course, this is hardest money on Earth. Limited to 21M (2.1Q satoshi), mined until the year 2140, eventually will use all available energy both on and off world. :-)

Nah, it's like the big turtle in the discworld novels, one day death will have to reap its soul.

Any reason counties need Blockchain for digital coins and don't rely on a central set of trusted servers? I could be wildly misunderstanding the issue, but isn't a point for coins to be independent of a nation?

Reply on news.ycombinator.com