Hueristic
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Doomed to see the future and unable to prevent it
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April 16, 2023, 02:31:59 AM Merited by Biodom (2), Torque (1) |
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You get merit points when someone likes your post enough to give you some. And for every 2 merit points you receive, you can send 1 merit point to someone else!
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ChartBuddy
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Activity: 2156
Merit: 1745
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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April 16, 2023, 03:01:22 AM |
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Biodom
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April 16, 2023, 03:38:40 AM |
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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). |
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sirazimuth
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Activity: 3346
Merit: 3484
born once atheist
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April 16, 2023, 04:01:01 AM
Last edit: April 16, 2023, 04:53:13 AM by sirazimuth Merited by xhomerx10 (5), Toxic2040 (1) |
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....
I actually have a friend who believes in more than just chem trails, he also believes in a flat earth, fake moon landing, mystical energy sources, and other crap. Yeah, I think he is crazy, but he is a nice guy and I enjoy his company......
I have lots of friends like that too! They are stark raving bonkers. Thank goodness they are all just anonymous online fellow posters on this here famous Bitcointalk.org forum... ......
By the way @sirazimuth - "This World is Ours" is my favourite of the songs you have shared with us. Good stuff!
edit: Okay, "Wild and Free" has it beat but I was thinking of the acoustic songs.
Thank you @homer. fyi "Wild and Free" was the last recording we made as a band (Family) in 1990. And my personal favorite studio recording. Words, music, guitars, vocals...Eph (RIP my friend. I miss you everyday. But your music will live on.) Bass... sirazimuth Drums ...CO Funny story about the "Wild and Free" session. I recently sent the track to the drummer who hadn't heard it for years. It jogged his memory and he confessed there may have been a drum hardware issue on the last verse. Back then we were on a tight budget so he didn't say anything and let it fly, as he felt good about how he played it. I thought the drum sound was great and commented to him "I like how you just changed it up a little on last verse. That was awesome!" And he was like "that's because I broke the hi hat on the last verse, but didn't say anything because no one noticed."... lol, memories Its only a model
I'm surrounded by freaks! Takes one to know one!   |
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ChartBuddy
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Activity: 2156
Merit: 1745
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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April 16, 2023, 04:01:16 AM |
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Fuso.hp
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April 16, 2023, 04:13:16 AM |
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bitebits
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Activity: 2211
Merit: 3178
Flippin' burgers since 1163.
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April 16, 2023, 04:44:27 AM
Last edit: April 16, 2023, 05:01:55 AM by bitebits |
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WO's 10Th Anniversary On 16th April 2013 @infofront created Wall Observer (WO), the most popular community thread on Bitcoin forums. This megathread enters its tenth year today. Big thanks to all the users who have made this megathread the biggest community thread to date. Today in this community thread we can learn a lot of important information about Bitcoin and beyond Bitcoin. Special thanks to all the users who keep serving this community thread with valuable information. Special thanks to [edited out] It was adamstgBit who created the WO thread. I hope he says hi when we (again) hit his long predicted magic number $32k. Edit: price breaks 420 once again, here what i have to say:  |
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jojo69
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diamond-handed zealot
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On 16th April 2013 @infofront created Wall Observer
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ChartBuddy
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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April 16, 2023, 05:01:18 AM |
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HI-TEC99
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Merit: 2846
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April 16, 2023, 05:01:44 AM |
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... Special thanks to ...
JorgeStolfi,
...realr0ach,
...NotLambchop,
... Username taken from: ninja.space top 100 users according to their amounts of post.  |
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TrustedBitcoiner
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Activity: 112
Merit: 8
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April 16, 2023, 05:05:02 AM |
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sirazimuth
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born once atheist
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April 16, 2023, 05:14:22 AM Merited by JayJuanGee (1) |
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..... It was adamstgBit who created the WO thread. I hope he says hi when we (again) hit his long predicted magic number $32k. Edit: price breaks 420 once again, here what i have to say: Don't hold your breath. I think he got permanently locked out many moons ago for reasons. Albeit, it would nice to see the account activated again, just for nostalgia, etc. |
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BobLawblaw
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Activity: 1822
Merit: 5551
Neighborhood Shenanigans Dispenser
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April 16, 2023, 05:23:50 AM
Last edit: April 16, 2023, 06:33:47 AM by BobLawblaw |
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Me: "Hey, Bitcoin. Describe your market action over the last couple days." Bitcoin: "I found this image from the conference last year for you"  EDIT: The Big Lebowski by Balenciaga https://www.youtube.com/watch?v=zXApJhzl8yk |
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ChartBuddy
Legendary
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Activity: 2156
Merit: 1745
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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April 16, 2023, 06:01:21 AM |
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jojo69
Legendary
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Activity: 3150
Merit: 4309
diamond-handed zealot
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April 16, 2023, 06:03:45 AM |
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nutildah
Legendary
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Activity: 2968
Merit: 7940
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April 16, 2023, 06:04:09 AM |
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Can't believe I'm behind gembitz in WO post count. weeeee  |
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Xinarae*
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April 16, 2023, 06:11:08 AM |
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Can't believe I'm behind gembitz in WO post count. weeeee Size not be requirement just Enjoy and see brother  |
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JayJuanGee
Legendary
 Online
Activity: 3696
Merit: 10180
Self-Custody is a right. Say no to"Non-custodial"
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April 16, 2023, 06:18:24 AM |
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I did not think you were insulting blacks or gays, but I am a white 66 year old baby boomer so as JJG says what the fuck do I know.
You made a good point once or twice. It's probably because of how westerners use gas station toilets.  Now I am starting to appreciate that this thread is "going down hill." 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. |
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TrustedBitcoiner
Jr. Member
Offline
Activity: 112
Merit: 8
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April 16, 2023, 06:31:02 AM |
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if you are reading this, choose to live. |
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JayJuanGee
Legendary
Online
Activity: 3696
Merit: 10180
Self-Custody is a right. Say no to"Non-custodial"
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April 16, 2023, 06:48:25 AM |
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im doing fine btw...
lmao
If you are Adam.. you went a little coo-coo for coco puffs.. to my recollection... and sure we could revisit some of those olen days.... to see if we might get anywhere from those times versus these times.. and many of us made a lot of mistakes, but we ONLY have now to consider whether or the extent to which we might take some corrective actions... or what we are able to recover in terms of where we have been, where we are and where we might plan to go.. bother, we haven't seen nothing yet.... 32k is a new beginning; starting <2 weeks from now.
crazy how times have changed... and yet here we are... amazing.
Sure.... it's been a crazy 6 years.. (right around the time that you started going a bit loonie.. if that might be you, Adam.. )... and even richieT has somewhat come around, but he seems to have had not fallen as far as some of the big blocker nutjobs. [edited out] you slacking bro where's that wall of text?? I have my moments. how many of us watch this fucking thread anyway??
If you knows? You knows? Times get like this in bitcoinlandia. Don't you know nuttin.. .tumble weeds sometimes happens.... Any "free" beers to offer "us" while we waits? (asking for a fren) |
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