I gotta say those 2 XFL games yesterday were great!
you guys really don't know what your missing.
I'll have to give it a try. I've seen some highlights on ESPN/Sportscenter that have been pretty entertaining. When I "logged in" /turned on my TV last night, this popped up. I hadn't even heard about this USFL league once and I listen to a lot of sports talk via radio/tv etc..especially when it's involving sports.. Fucking fox trying to run their usfl games opposite xfl, told you guys they only created that league to sabotage the xfl. I wouldn't doubt their plan is to kill off xfl then roll usfl back into nfl to keep a a nice neat monopoly. At least the guys are getting paid and there is a alternative for kids to play and get paid rather than being slaves to collegiate institutions now. It's been fun watching Gordon play and there are a few outstanding players that will make it to the nfl so I think of it as scouting for fantasy next year.  |
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But what is it? Are "we" actually supposed to read to find out? Thanks...interesting.
Upon an initial read, here are some nuggets: they distinguish between "payment stablecoins" and "endogenously collaterized stablecoins".
obviously, USDC/USDT fits into cat 1 and cat2 is like infamous 'almost dead' Luna. Cat 1 can only have cash, 90 day Treasury bills, deposits with Fed reserve and 7 day repurchasing agreements for 90 day bills backing it (at least 1:1). Another interesting point: deposits of payment stablecoins are deemed as legally belonging to a person, NOT to the institution which holds them. Even more interestingly, if a payment stablecoin issuer goes bankrupt, stablecoin owners have first dibs on remaining assets (their rights are higher than anybody else).
On a more sombre note, stablecoins are NOT covered by FDIC and it is expressly forbidden telling customers otherwise. BTW, the issuance of new "endogenously collaterized" stablecoins is prohibited for 2 years under moratorium, but current are grandfathered in. Did not see a part if current "payment stablecoins" (like USDC/USDT) are grandfathered in or not-the doc it too long. Maybe someone else can pinpoint this part.
Obviously, Wall Street wants to "play" with stablecoins, but, personally, I don't see much need for them now, especially when fast payment rails would be established soon. Perhaps, stablecoins is a way for banks to get back into the payments (after they were effectively cut off by the FedNow system). Oh? Biodom to the rescue.  Its not much tougher to read than one of your long winded posts. Actually I see a attack vector in there that I'm waiting for others to notice. Maybe ask GPT with the "petertodd" token to ELI5 for those of you using that. One difference with my long texts and a text that is linked (meaning that someone else wrote the substance of the text) is that I am actively participating in these here parts, and so whatever gobble-dee-gook might end up coming out of my keyboard tends to either be my words, or I am showing the source of my words.. or I am posting some image, and I do not tend to provide sources for images (presuming that I got them from the interwebs) unless there were some kind of a potential ambiguity regarding whether I am claiming to have had created the picture or the meme.. then in those kinds of cases I might either explain or provide a source. From my point of view, there are a lot of members who provide links and either fail/refuse to provide any explanation or they fail/refuse to provide any opinion on the topic that they had linked, and surely even from my own bias, I may well consider that older members are allowed a bit more lenience based on some of their past contributions to the thread.. but still sometimes those kinds of ongoing posts (that fail/refuse to contain explanations or opinions) are not really very substantively friendly, even if sometimes the underlying source/link might provide a lot of good content. LOL, just poking fun at you, I could never put the effort you do into posts and I appreciate most of them and those I don't my scroll wheel works just fine. I have tons to say but find it difficult to type out long winded posts and feel they really aren't appreciated anyway so there really is no desire to do so. I try to put info here though that I feel the WO needs to know even if some of it you have to actually dig out yourself. And yes low effort link dropping for informational purposes rather than merit whoring is a purview of us older members. |
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This is why you can't trust any of this shit. It's not being set up for our best interests, but theirs. Shit is shit, and you can smell it from a mile away.
They plan on forcing 1:1 with specific requirements for that backing which they control. *we know Their controlled versions will be fractional allowed. |
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Bitcoin: "I found this image from the conference last year for you"  Maybe a KArples "associate".  |
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But what is it? Are "we" actually supposed to read to find out? Thanks...interesting.
Upon an initial read, here are some nuggets: they distinguish between "payment stablecoins" and "endogenously collaterized stablecoins".
obviously, USDC/USDT fits into cat 1 and cat2 is like infamous 'almost dead' Luna. Cat 1 can only have cash, 90 day Treasury bills, deposits with Fed reserve and 7 day repurchasing agreements for 90 day bills backing it (at least 1:1). Another interesting point: deposits of payment stablecoins are deemed as legally belonging to a person, NOT to the institution which holds them. Even more interestingly, if a payment stablecoin issuer goes bankrupt, stablecoin owners have first dibs on remaining assets (their rights are higher than anybody else).
On a more sombre note, stablecoins are NOT covered by FDIC and it is expressly forbidden telling customers otherwise. BTW, the issuance of new "endogenously collaterized" stablecoins is prohibited for 2 years under moratorium, but current are grandfathered in. Did not see a part if current "payment stablecoins" (like USDC/USDT) are grandfathered in or not-the doc it too long. Maybe someone else can pinpoint this part.
Obviously, Wall Street wants to "play" with stablecoins, but, personally, I don't see much need for them now, especially when fast payment rails would be established soon. Perhaps, stablecoins is a way for banks to get back into the payments (after they were effectively cut off by the FedNow system). Oh? Biodom to the rescue. Its not much tougher to read than one of your long winded posts. Actually I see a attack vector in there that I'm waiting for others to notice. Maybe ask GPT with the "petertodd" token to ELI5 for those of you using that. |
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Fuckers know they are losing. |
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An example for the strangeness of life is just Bitcoin and what it has done to the lives of many of us... probably no one fantasized that in advance...
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I don't care if someone talks conspiracies but if I hear one "Ni!", I'm outta there; there's something seriously wrong with those people.
Would you prefer a shrubbery or would IT get to you? |
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They move from chem trails to moon landing conspiracies...its just insane and impossible to have a sane discussion with them.
They refuse to listen to facts and use due diligence to do a fact check and just fall back on layers of logical fallacies.
I've dealt with a few and have just given up and cut ties and wish I had done it sooner and not wasted my time in the first place.
TLDR: I agree get way quick there is no hope for them when they start evangelizing.
Or quoting lines from Monty Python. I do not see conspiracies for 1000 here.  I mean no offence here, but your attitude is juvenile. Who cares if your friend believes in chem trails or other obvious crazy conspiracy theories. Is he hurting anyone by believing in that?
Believing and pushing onto others are two distinctly different things. |
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They move from chem trails to moon landing conspiracies...its just insane and impossible to have a sane discussion with them.
They refuse to listen to facts and use due diligence to do a fact check and just fall back on layers of logical fallacies.
I've dealt with a few and have just given up and cut ties and wish I had done it sooner and not wasted my time in the first place.
TLDR: I agree get way quick there is no hope for them when they start evangelizing.
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Just checked out your links and even though I have no clue what is being said I noticed the majority of those accounts are on my ignore list from this thread alone so you are correct that you people need to start moderating yourselves. IOW create your own circle of trust and work together to keep the shit off this site. That would go a long way to being seen as adult enough to be accepted on BCT. Oh and BTW Making accounts just to use as socks to abuse to show your above the shit stains does not float here. *we are no so easily manipulated (at least not most of us). |
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Americans’ IQ scores are trending in a downward direction. In fact, they’ve been falling for over a decade.
According to a press release, in studying intelligence testing data from 2006 to 2018, Northwestern University researchers noticed that test scores in three out of four “cognitive domains” were going down. This is the first time we’ve seen a consistent negative slope for these testing categories, providing tangible evidence of what is known as the “Reverse Flynn Effect.” https://www.popularmechanics.com/science/a43469569/american-iq-scores-decline-reverse-flynn-effect/Yup its official. |
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I was court ordered to AA years ago and went up there and called them all a bunch of weak willed pussies and was told I was a disrupting influence and they signed off on my court mandated meetings.
*I was pissed right off the bat when I read the steps and one of them was to accept jesus as my lord and savior and told them there is no way I was going to do that.
we use higher power in GA and the higher power can be anything but yourself. Ie just admit you are not all powerful. so any boogy man will do? sorry still not going to lie and say some invisible "higher power" exists whether I'm court ordered to do it or not. I don't live in Iran. Freedom from forced religion is why this country was founded even though they just wanted to worship their own way. |
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Decided to drink tonight.
*Lurnt don't calibrate 3d printers while drunk
Cho Cho???
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... stepped right out of my car and in to a police car, I was somewhat over the limit.
Fuccckkkkkk! * I was almost a pig after the Marines, can you imagine! |
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I was court ordered to AA years ago and went up there and called them all a bunch of weak willed pussies and was told I was a disrupting influence and they signed off on my court mandated meetings.
*I was pissed right off the bat when I read the steps and one of them was to accept jesus as my lord and savior and told them there is no way I was going to do that.
You knew I was meriting that post didn’t you bro?  |
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I was court ordered to AA years ago and went up there and called them all a bunch of weak willed pussies and was told I was a disrupting influence and they signed off on my court mandated meetings.
*I was pissed right off the bat when I read the steps and one of them was to accept jesus as my lord and savior and told them there is no way I was going to do that.
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This is the first Bitcoin transportation bus in El Salvador.  source welp, welcome to the ignore list. the ignore list... I still refuse to use it. But with the recent wave of dumbness hitting the WO I ponder... After enough years you will need it for your sanity. *not many of use actually read this entire friggin thread (sans scrolling JJgs longer winded shit). |
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This is the first Bitcoin transportation bus in El Salvador. source welp, welcome to the ignore list. |
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