zbefr pbqr vf bhgqngrq
bayl ryqreyl pna ernq
fubhyq hfr ebg13 vafgrnq
Vs lbh ernyyl jnag gb fnl fbzrguvat va guerr yvarf znxr vg n unvxh Must be Welsh.. Saw 13 so guessing rot13 just too lazy to check |
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**blah blah blah lol BSV blah blah***
WTF is this, roach you finally found your calling, go get him, do us all a favor and troll him to death? Welcome to my ignore list |
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So Tether, the 100% backed by fiat 100% stable coin that no one can mine because it's SPECIAL is really only 74% backed by assets. https://www.coindesk.com/tether-lawyer-confirms-stablecoin-74-percent-backed-by-cash-and-equivalentsMan what is it with people? Everyone falls for the infinite temptation of fractional-reserve banking. Everyone seems to just say the best intentions but really be full of 100% USDA horseshit. Bitcoin is simply not going to succeed because you can't commit fraud with it. If you have a bitcoin you have a bitcoin. If you don't have a bitcoin you simply can't say you have a bitcoin. Sad that the only thing which will work in this world is fraud. I don't know how long it will take, but people are very slowly waking up. At least if liberals stop actively decreasing the average IQ by removing all responsibility from citizens in a charade of morals. Fractional reserve has been working for banks for hundreds of years now, don't see why it can't for Finex. Even knowing what we know now people still hold their money there, it would take 75% of people to withdraw now for them to go belly up and it doesn't look like we're close to that happening, in fact they'd probably be "safe" running at 50% fractional reserve. |
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Jbreher, when was the last time you even really cared about Bitcoins price movement and not just used this topic to defend Bcash or bsv?
I always care about BTC price movements, as my bags are heavy with it. If there wasn't any upside for me in this advocacy, do you think I'd be taking the continued abuse? And in point of truth, if you hadn't noticed, my attempts to gain recognition of the flaws within LN -- at the cost of crippled onchain capacity -- have nothing whatsoever to do with BCH nor SV, as neither of these chains suffer from anemic block size caps. Huh after all these years i figured you just liked the abuse. You mean you sincerely think that BSV is a good idea ?  i am soooo sorry |
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So Tether, the 100% backed by fiat 100% stable coin that no one can mine because it's SPECIAL is really only 74% backed by assets. https://www.coindesk.com/tether-lawyer-confirms-stablecoin-74-percent-backed-by-cash-and-equivalentsMan what is it with people? Everyone falls for the infinite temptation of fractional-reserve banking. Everyone seems to just say the best intentions but really be full of 100% USDA horseshit. Bitcoin is simply not going to succeed because you can't commit fraud with it. If you have a bitcoin you have a bitcoin. If you don't have a bitcoin you simply can't say you have a bitcoin. Sad that the only thing which will work in this world is fraud. I'm surprised to see how many people thought the tether folks wouldn't be fuck heads. No way did I expect them to not attempt to invest tether USD and profit off it while no one is aware. Of course they would. The statement "This time it's different" was told to me when I walked from a dot.com in 2000. It has the same validity as "I won't cum in your mouth"..... I trust bitcoin for some weird reason. It's why I accept payment for work in it, and why I value it. Not for stupid shit like dollars, but because the idea behind it is a good one: "No, I actually will not cum in your mouth and here is the proof". That's the problem with fiat, you're really not in control of it. Even if they did have customers best interest (and i do believe that to be the case, who would you kill the golden goose?) they had to work with banks to transfer a lot of fiat, and they have little control over that process. Best they can do is diversify and play whack a mole with banks freezing their accounts. It was obvious from the start i just can't believe that market didn't correctly price that risk in. In any case, look at it this way, they just had an audit and are confirmed to have 74% of their funds, which is much more than i thought they did. |
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This is under the assumption that the block size wouldn't grow when needed, blocks aren't full without outside attacks so there's no evidence that when the time comes we won't increase the block size to a common sense size.
Well, other than the evidence that blocks were kept small the last time they became persistently full. Which, in itself, is pretty strong evidence. Once the need resurfaces (and it most certainly will), how long do you think it will take to implement the necessary change? If it was urgent it could probably be done in 48 hours. But it won’t be urgent. It ain't just a river in Egypt. I would mostly agree with the bear here. The last full block crisis resulted in inaction, to force people onto segwit. I presume the next full block crisis will result in inaction, to force people onto lightning. Dude wtf you weren't supposed to tell them!! |
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there is no difference between natural and coded scarcity
Today in synagogue my rabbi explained it all to me after telling me how he butchered my circumcision. But then i sniffed some glue with my buddies and now my favorite food is i like yellowC'mon you're not even trying anymore, is that all that nazi glue huffing? Shitcoins make BTC infinite just as much as iron, aluminium and all of other metals make gold infinite. Put down mein kampf and try to come up with coherent replies. The reply is perfectly coherent. If you accept ANY PM scarcity scam, you're putting forth support for all of them. Silver, Gold, Platinum etc, they're all inflated shiny pretty things to wear around your neck to show off your wealth to others scams with no connection to their real world use prices. All of those scams are in the exact same category whether you like it or not. You're either pro-shiny pretty things scam with little correlation in price to their true value or pro-mathematically backed truly scares resources. Why you keep on pulling sentences out of my quotes  |
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there is no difference between natural and coded scarcity
No difference in real world scarcity and artificial scarcity? Okay, by your own statement there's no difference between bitcoin and any altcoin - both are "coded scarcity" - so supply is then infinite because there's no overhead to create them and thus no Schelling point. This is the stupid world of shitcoiners where they just make up random nonsense to try to rationalize using shitcoins over metals. Then every piece of propaganda they create to try and rationalize the use of digital shitcoins only rationalizes the use of fiat and an infinite number of altcoins too. So they then backtrack and try to apply nonsensical double standards to attempt to not promote altcoins or fiats with their horrid, illogical arguments. C'mon you're not even trying anymore, is that all that nazi glue huffing? Shitcoins make BTC infinite just as much as iron, aluminium and all of other metals make gold infinite. Put down mein kampf and try to come up with coherent replies. |
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You don't have those kinds of options with traditional physical assets like fiat or PMs... Even having $10 million in cash would not be easy to move around, like it is with bitcoin. A billion dollars on bitcoin could be stored and managed a whole hell-of-a lot easier than the same value in cash or Pms.
You demonstrate a complete failure of economics 101 understanding. It's not possible for something to qualify as "money" if it doesn't even qualify as a commodity first. Nobody refers to video games on Steam as a "commodity" because it's blatantly obvious it's a state-run racket/scam called intellectual property and entirely based on artificial scarcity. Bitcoin is no different - another artificial scarcity scam/racket. The hallmark trait of all currencies is artificial scarcity, while actual money is required to be physical commodity in the real world and not an artificial scarcity racket. So, no, you are not "storing" $10 million of anything in bitcoin because it's not possible to store value in something completely imaginary based on artificial scarcity. It's a currency and not money, and on a long enough timeline the value of a currency always goes to zero. All you're holding is a temporary pump and dump grenade or financial scam that you're attempting to pass off onto someone else before it explodes, not "storing value". You need a physical commodity that doesn't expire to do that. While your rationale works well for video games on Steam it does not hold for Bitcoin. While true that the scarcity is artificial by virtue of being programmed in it's not comparable to video games on Steam which can be sold without any limitations. As soon as some malicious actor tried to remove scarcity by increasing the amounts of Bitcoins we'd simple tell them to fork off by forking off ourselves. You could make an argument that this would be a democratic process and that the majority of humans is too fucking retarded to realize when they're being manipulated into believing that increasing the amount of coins is a non-issue. But that would still result in two chains, one with the idiots and one with the rest. Now another argument that you could attempt would be to state that the scarcity was broken through the fork. But as we have already seen quite clearly forks only have a fraction of the original value and the more forks there are the less valuable each fork will be with a quick convergence towards value for erroneous forks. Hence irrelevant for both the Economy as a whole as well as the 21m Bitcoin chain. His old brittle mind burned too many brain cells on nazi propaganda to see that there is no difference between natural and coded scarcity as long as it's truly scares. But that's alright many grandmas struggle with the concept of decentralized consensus, and that you can't copy and paste to get more BTC and it's not because of some DRM. |
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Finex showing $6.746MM in 30 day volume, assuming 0,2% fee that $13,5MM they make in fees each month. And that doesn't include money they make on lending or interest on their stash. Tether market cap is $2.847MM NY OAG claims they lost $850MM (of their own and clients money) so 30% of all Tether max, i'm sure they'll survive *unless more shit comes up
Hmm... I don't think their liquidity will be doing well - looking at the price increase, people are dumping Tether to buy BTC and presumably trying to get out. Also - not all clients will be paying 0.2% - so income may be lower and expenses are not zero, either. Filling a hole of many hundreds of millions cannot be done without years of all that income going into replace 'lost' capital. As GentlemanD said, the irony is Tether WAS backed up until they lost this large chunk of funds. However, getting any new banking partner now will be nigh-on impossible. Finex are in deep shit and probably in a total spin. Maybe a death spiral. Since they are (basically) profitable, I would think their best bet might be to try to find someone to buy 'em who does have banking sorted out and can float capital in to save the day. But who they gonna call..? Only a couple of candidates exist - and they might think the brand is too toxic. Even at a sale price of $1, which is the likely price for Finex with a hole in the hundreds of millions of USD and a legal case on their back. A bank could do it, but even if it makes financial sense, I can't see them risking running a crypto exchange. Coinbase? Anyone else...? With fast action needed and no time to do proper due diligence? Doubt it. First, Finex need to keep their customers to survive for long enough to find a solution. The chances of doing this with the run for the door already well underway is slim and all the Tethers coming back for redemption won't help. But it's their only hope. The Irony is that it was TPTB blocking them from reputable institutions to hold their reserves is what forced them to deal with a scam bank that ripped them off. Almost like it was a plan.  ADDED: Shit can't catch up today, gotta check out and I'm hitting the hottub rather than read this thread!  The irony of that Finex makes even more money on higher volumes. If maker and taker both trade under $500k/m Finex's fees are 0,3% in fact both sides must trade over $10MM/m for Finex's fees to drop to 0,18% so i think 0,2% is a pretty conservative estimate and the average is probably closer to 0,25% (both sides volume is under $2,5MM/m). As long as they have the rest of the money they can cash out Tethers at a discount reducing their liability. I'm also having a hard time believing that a bank lost all of $850MM, you don't fuck with USD without the whole board going to jail. Everyone knew that tether was a ticking time bomb and just a vehicle for gamblers to pump shitcoins by reducing friction of transfering in USD. That's why you see shitcoins dumping more than BTC. Finex should've invested in opening their own legit crypto friendly bank instead of killing the golden goose with tether. Oh well, still over $5k BTC holders are not affected, both tether holders and shitcoins holders will run for safety of BTC, just more negative publicity. |
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Finex showing $6.746MM in 30 day volume, assuming 0,2% fee that $13,5MM they make in fees each month. And that doesn't include money they make on lending or interest on their stash. Tether market cap is $2.847MM NY OAG claims they lost $850MM (of their own and clients money) so 30% of all Tether max, i'm sure they'll survive *unless more shit comes up
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That's a pretty odd use of the term 'per capita'. Which, of course, is defined as 'per each person'. How can we have 3.54 Americans killed for every American that visits Pakistan? Per x100,000 capita.Per x100,000 capita. It never ceases to amaze me how your troll senses are so keened on picking up any minute issue with the BTC, yet would fail to notice something obvious like SV scam even if CSW came in riding in on a tank which is positioned on the aircraft carrier with the word SCAM written on a sideObviously. But that is not what is says now, is it? That's not what i said either now is it? Just impressed by your Sherlock Holmes skills when you really want it. Take the damn compliment |
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That's a pretty odd use of the term 'per capita'. Which, of course, is defined as 'per each person'. How can we have 3.54 Americans killed for every American that visits Pakistan? Per x100,000 capita. It never ceases to amaze me how your troll senses are so keened on picking up any minute issue with the BTC, yet would fail to notice something obvious like SV scam even if CSW came in riding in on a tank which is positioned on the aircraft carrier with the word SCAM written on a side |
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If there was an additional tax for each children you have instead of social benefits maybe they would have a second thought... or maybe not  It's also ironical that the same people that complain there are not enough jobs are the ones making new babies... for which they can't even provide basic education and life advice. Paying for other people to breed has always turned my stomach, that is one of the biggest faults of governments.
If you can't afford them don't fucking spit them out!That's exactly what I am saying. I've had 2 chicks get abortions (both on birth control : I found out later one lied about that) and one had a miscarriage (was gonna marry her). And one told me I knocked her up and didn't tell me after the kid was born. I told her send me a hair sample and I'll support it and she never would. I've supported myself since my teens and know what it means to be responsible so I have no respect for these shitbags. Yep, think that's the dictionary definition of responsibility right here |
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It affects security and challenges the state power of Thailand and it is intolerable," he said.
Thailand has very specific laws and they can't be ignored ! The ones on men's clothing in particular are very strict.  P.S : got a bit scared reading the first words of that article. Is that a literal case of the emperor not having clothes? |
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Guess McAfee sobered up and had to backpedal
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Guess McAfee sobered up and had to backpedal
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First Amendment does not mean freedom from consequences.
If you say “I declare sovereignty” to your cat and continue to pay your taxes, then no, nothing will happen.
But I don’t think that was what seasteads were about.
And what exactly Elwar did? They just lived there. You can live like that on a houseboat in the US and nothing will happen. It's the rhetoric. I am quite certain that if you started erecting spars 15 miles out in the gulf of Mexico and posting on FB about your libertarianism and self sovereignty the reaction of the USCG would be swift and unequivocal. Global enclosure is nearly complete. I really think that, short of an orbital Lagrange platform, the aircraft carrier is the only way. But if you were 200km away in true international waters and some nation abducted and wanted to put an American to death, i can see US navy paying a visit to that nation. Elwar just didn't get far enough |
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New poll should be, if CSW starts suing the trust for keys to the stash, since he has his own chain would you support freezing Satoshi coins on the BTC chain.
You are assuming a lot, aren't you? You are assuming that the trust story is actually true, and if it were true, then whoever has the keys can do whatever the fuck they want with the coins, including dumping them all. We don't need to DAO hardfork in bitcoin. This is not ethereum, and the mere fact that some goofball like craig might gain access to such coins should NOT worry anyone. It's a hypothetical based on their claims, would it be better if it was reworded to: what if two billionairs are not completely insane and actually have some logic to their madness? I'm having a hard time explaining their actions and timing, so dismissing it off to their stupidity feels like an easy way out. To me that's the biggest risk holding BTC back right now, everything else seems to be going as planned. Trusts cannot do anything with assets they hold but beneficiary can do whatever the fuck they want, and in the wrong hands BTC1MM can do a lot of damage. But as i answered my own question, if that has any merit to being true their first step would be proving that he's Satoshi in the eyes of the government. And if that were to actually happen we would most certainly fork to original and Satoshi's frozen stash chains the next day and then market would assign risks appropriately. |
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