runbathtime

What if Tether the company just throws in the towel? Take the reserves and run? What incentive do they have not too?

Get out of Ca.

A dollar is not a stablecoin period. A stablecoin isn't just a number on a ledger and it isn't a physical dollar.

It is a really bad idea from a privacy perspective. Physcial cash is better, the fact that bitcoiners like this idea means they aren't really for privacy and stuff like that.

Also blockchain has many design flaws including that they can be attacked and there is only 'rough' consensus about the order of transactions. It is a no good terrible idea.

Probably, my comment was downvoted.

You cannot just create a crypto out of thin air and expect it to have value, unless you are selling eye scan data to generate revenue that might give value to these tokens somehow. I fail to see how any crypto can be UBI, if they do not have value in dollars. UBI cannot be done through a private person, must be done through the government, which makes me think he is intending to partner with the government to make this a reality. It sounds really really disgusting. It actually seems like a backdoor to raising money via ICO, the con being you provide your eye scan (something valuable) for a worthless token (something worth zero). The con being they con people into believing these tokens are in fact valuable somehow. If this was a contract, it would fail contracts law 101 since something of value must be exchanged on each side.

Is scan your eyeball the new proof of work?

Can't read this article- behind a paywall.

All personal opinion-

Puts are speculative gambling if no current position and a hedge if in a current position to the downside.

You can still hold your beliefs without putting on a trade. Why do you want to put on a trade that is inflexible on timing?

Bitcoin can be manipulated by tweets, incoming regulation, news, whales, etc. If you are not privileged to have this info then know you are in a game where you are disadvantaged.

Curious how others are shorting crypto.

I'm confused by unemployment. Doesn't the company essentially pay it? The employee also gets taxed when their paycheck is deducted for unemployment insurance every month. Did they get this money back if they never use it? We know the state gov is involved somehow, because they extended programs, but how?

I can't figure out if it is the company, yourself or the state, or a mix of all three involved in unemployment. And does it make sense to use the state you physically live in or the state where the company is?

I think with remote work and different states offering different amounts, this can all be gamed for maximum benefits.

If you are remote living in Texas but working for a company in CA, do you get the unemployment if CA has the benefits, but Texas does not?

> As a result, SafeDollar’s price—which was supposed to always be equal to $1 since it’s a stablecoin—has plummeted to zero, according to the protocol’s own website.

Any defi project can all themselves a stablecoin. It is false advertising to say that you will maintain the peg to a dollar if you cannot meet that promise.

If you are just experimenting or trying to get something for nothing (synthetics- created out of thin air 'backing' your stablecoin), then don't make claims that it will be a dollar.

Also, selling unregistered securities is illegal. Operating a money exchange business is a crime without license.

Is it actually bitcoin being airdropped or tether?

I also don't buy their security excuse for not releasing info on whose power never got turned off.

If the ERCOT Grid was really concerned about cyber attacks they wouldn't be partnering with Bitcoin mining companies that have access to the grid, and have a special partnership with ERCOT.

https://www.prnewswire.com/news-releases/layer1-launches-bit...

This information should be a freedom of information request and made available to the public.

If the same people are always forced to endure the burden of blackouts, and elites are not they will keep happening.

NFTs are a tool. If they can convince regulators they are art, then they can be donated, and you can write it off on your taxes. You just need a service that produces estimates of value.

The one good thing about NFTs is the ability to manipulate prices legally (just like they do with art), and create arbitrary value out of nothing.

If the main point of cryptos is speculation, not payments, then NFTs are a better crypto. You can better inflate them and sell them, the only problem is you need to create demand, which is harder if you are not a celeb. Better to partner with someone well known and split the profits.

Sotheby's and other art dealers are not regulated by the BSA. They are not considered money exchangers since art isn't considered a financial asset.

They do have a voluntary BSA compliance program, but voluntary doesn't mean mandatory.

Can NFTs really be sold as 'art' or are they just a crypto? I think they are cryptos since they point to an art file at a url. Art has to be visual, or at least experienced, so the machine code or source code that encodes the digital art, even if put inside the NFT itself would still not be art.

Since NFT is a crypto, doesn't matter if just 1, or 1 of many, Sothebys is doing money transmission when it auctions NFTs.

Maybe he was killed for his bitcoin/crypto? Is it a possibility? How can we know if it was suicide or murder?

Ability counts, hard work isn't the end goal. The SAT is supposed to measure ability, because grades are a better measurement of hard work. The SAT is valued more highly than grades.

Here is a good article. https://www.investopedia.com/terms/f/financialasset.asp

Bank deposits are financial assets- which gets its value from a contractual right or ownership claim.

When you deposit money in a bank, they lend that money out, they make a return, and in a sane world you would receive interest on that money.

Using this definition of a financial asset, I don't think bitcoin qualifies, it is more of an intangible. It might be a financial asset only if it is held at a custodian.

Congress and the courts decide what a security is, not the SEC. The SEC is the enforcement agency from what I can tell.

You are incorrect. Deposits in banks are securities, I suggest you read this section titled "Every security that is issued must be held by someone until it is retired" here: https://www.hussmanfunds.com/comment/mc210614/

Copyright doesn't cover the computer reference machine code number, it covers actual intellectual content.

Just like it is not settled whether Ethereum or Bitcoin is a security- thoughts on this can and will change, new regulators get elected... neither is settled whether you can actually say that you own a number.

The community has misplaced confidence imo.

The hedge is refinancing out any market appreciation, like a piggy bank, keeping debt high while interest rates are low, you can always hand back the key if it goes south.

It doesn't make much of a difference. And not everyone can afford good organic food or private school. This isn't a good argument.

Bank deposits are securities. You have a claim on your bank when you make a deposit. If you think there is no difference between a bank account and a bitcoin private public key pair then bitcoin is a security. You are making the argument bitcoin is a security. Who is the issuer? I would say the miners are selling securities and you give them money (like a deposit) in exchange for the miners continuing to mine in the future, so when you decide to spend your bitcoin, bitcoin will still be running. If bitcoin is a security issued by the miners then yes bitcoin becomes more than just a number.

Manipulating your own children (probably not good if you want functional kids) is a private affair without a political agenda.

There is a difference between not relaying all information and selecting info or misrepresenting info used for an agenda.

If it can be gamed through hard work then why doesn't everyone who is willing to put it hard work get great scores?

Yes it does measure ability. Maybe hard work or practice helps some, I'm not excluding that.

A bank account balance is representative value of dollars that bank owes you. If someone tries to steal it by pretending to be you even if they just steal your PIN, they are committing fraud.

If someone steals a private key by committing another crime like stealing a laptop, that is a crime because you own the laptop. If they learn of your private key without committing a crime, that is not theft.

You don't own 'space on the blockchain.' I have no idea what that even means.

You do need to understand elliptic curve cryptography to have confidence (not faith) in bitcoin because you make the transactions in bitcoin. You are responsible, not some third party. People understand the dollar because it is physical and you can get them on demand and they originally got their value from Gold, not some abstraction like proof of spent energy one time awhile back.

We can't say the truth/opinion about certain topics because it will offend certain people and the mob will exert its power to take something from you by threatening you or an employer.

Could it be considered blackmail to get someone fired from their job for outing something they said to an employer?

In Step 1, he explains how to create a cryptographic identity- the private public key pair. I came across an argument that a number cannot be property or owned because you can't legally own a number. If this is true then you can't own UTXOs associated with a private key or a cryptographic identity.

I do think that bitcoin is fundamentally too complicated to understand, mathematically, for most people- myself included. I would argue everyone needs to do this exercise, from scratch, and also understand what they are doing (the math), to have confidence in bitcoin payment network. Anyone who thinks you don't need to get it is most likely in it for speculation alone.

With something so abstract like bitcoin, it has a much larger uphill battle for understanding than a physical commodity like Gold, the precursor of paper dollars.

> Propaganda isn’t bad by its nature (after-all, almost any content that relays information can be considered a form of propaganda).

I have to disagree, propaganda is bad, as its aim isn't to inform, but to manipulate through dishonesty.

Wait, people were not banned from using TikTok? Why just new downloads?

What was the purpose of this?