321–330 of 492 posts
If you look at the Tether/USD chart on coinmarketcap or whatever other exchange, it always seem to slightly fluctuate by a few decimal digits around the 1 dollar level.
"Solana, up 9,801% in 2021 for seemingly no reason at all" No reason at all, huh? Anybody with even a remote interest in crypto knows why Solana has exploded. It's L1 season and Solana is a direct competitor to ETH, which suffers from high usage fees. Every other L1 has exploded in value. As said, L1 season. These kind of statements make me suspect the author never used crypto in their life. The cultural gap between…
Have you ever 'used' ETH or whatever? And by 'use' I mean perform a transaction, not just speculate on its price
Does anyone have an explanation for why Tether is never actually equal to $1 ? If you look at the Tether/USD chart on coinmarketcap or whatever other exchange, it always seem to slightly fluctuate by a few decimal digits around the 1 dollar level.
"Solana, up 9,801% in 2021 for seemingly no reason at all" No reason at all, huh? Anybody with even a remote interest in crypto knows why Solana has exploded. It's L1 season and Solana is a direct competitor to ETH, which suffers from high usage fees. Every other L1 has exploded in value. As said, L1 season. These kind of statements make me suspect the author never used crypto in their life. The cultural gap between…
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> It's L1 season You say this as if it’s a valid thesis outside of CT. Solana has exploded because Alameda, Cumberland and related VCs have made it so. > Young people are locked out of any and all assets. They can't afford real estate or any meaningful amount of stock. Savings accounts have a negative yield. Casually ignores Robinhood and equity markets, where most of any under 50s should have most of their wealth. F…
Well, the problem is...they have no wealth. They may have low paying jobs or even two jobs. Or a reasonable job yet high debts or living expenses. Barely getting by, with no prospect of ever building up more meaningful wealth. It's super cool that their 5K turns into 6K in 10 years time, but that doesn't do anything. You might as well turn it into 100K. Or lose it all. Fuck it. I don't think you understand the dire s…
They can. If every country did balanced trade then there wouldn't be anything wrong with global trade. You'd get the benefits without any of the downsides. It's when countries export more than they intend to import that things are getting worse. Of course, balanced trade wouldn't allow the existence of global reserve currencies. The USD would have to give up a meaningless benefit.
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It only came back because of USDT. This is true according to the chat transcripts in the NYAG filings between Bitfinex’ Merlin and the money launderers they parked money with.
Surely you can provide a source for that (where exactly this was said)? As far as I have seen they dont show anything demonstrating this. And this tin foil hat theory about tether pumping btc has been debunked repeatedly.
Merlin is Bitfinex/Tether CFO Giancarlo Devasini. [3] Oz and CCC is Oz Yosef - their contact at the Panamanian money launderer Crypto Capital Corp. Here, they parked almost $1B of co-mingled funds without a contract at all and had it seized by various world authorities.
Merlin [15.10.18 10:01]
I need to provide customers with precise answer at this point, can't just kick the can a little more
Merlin [15.10.18 10:02]
the international I mean
CCC [15.10.18 10:02]
I will keep you posted here
CCC [15.10.18 10:02]
On the process of all international payments.
Merlin [15.10.18 10:02]
please understand all this could be extremely dangerous for everybody, the entire crypto community
Merlin [15.10.18 10:03]
BTC could tank to below 1k if we don't act quickly
> And this tin foil hat theory about tether pumping btc has been debunked repeatedly.
I mean, you can keep repeating that, but of course, it hasn't. I don't know there's conclusive evidence at this point although a massive class action suit against Tether for market manipulation was recently allowed to proceed by a judge after rejecting Tether's request for summary judgement. 5 of the 10 claims were dismissed - a few on technicalities - but 5 claims were approved to continue on the basis of suitably compelling evidence and off to court we go. [4]
>> The court did dismiss RICO charges against the defendants. However, it found the plaintiffs adequately alleged monopolization, market manipulation, common law fraud, and violation of the Commodities Exchange Act. [4]
I'll let the judge decide if it's FUD thanks :)
[1] https://ag.ny.gov/sites/default/files/2021.02.17_-_settlemen...
[2] https://cryptonews.com/news/how-merlin-lost-patience-trying-...
[3] https://www.ft.com/content/4da3060c-8e1a-439f-a1d7-a6a4688ad...
[4] https://protos.com/tether-market-manipulation-class-action-l...
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As much as I enjoy pissing on boomers, older home owners did nothing for their houses to appreciate. It's just something that happens due to monetary policy, low interest rates, local scarcity of supply and a growing population. A lesser known reason is that since the 2008 crisis, hardly any new homes got built. Whilst the underlying demand was still in place, and growing. "You can’t sell anyone a home for $485k if t…
> As much as I enjoy pissing on boomers, older home owners did nothing for their houses to appreciate. It's just something that happens due to monetary policy, low interest rates, local scarcity of supply and a growing population. All the things you mention, boomers did that. Monetary policy was drafted by boomers, for boomers, to protect and enrich boomers (low interest rates being one outcome). We printed trillions…
Why does it matter if you pay $1000 per month on interest or $1000 per month on the principal? The monthly payment is the same. The only difference is that the bank takes less of your money.
Does anyone have an explanation for why Tether is never actually equal to $1 ? If you look at the Tether/USD chart on coinmarketcap or whatever other exchange, it always seem to slightly fluctuate by a few decimal digits around the 1 dollar level.
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Boomers absolutely constrained supply to raise prices.
Your problem is not with “boomers.” It’s with a population pyramid that has actually just fallen apart — but those effects won’t show up for another 20+ years.
True, but the effects do show up today. When people have less children, the economy also consumes less, meaning less work needs to be done leading to a scarcity of the holy "well paying full time job". Instead you get a rise in part time jobs and as wages go down you also get an increase in "meaningless" employment in the service industry.
The lack of children that are consuming more than they produce has basically created a huge demand hole in the economy that the rise of "consumerism" is trying to fill. Meanwhile working age people try to save for (early) retirement and reduce consumption themselves.
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Yes this all sounds accurate to me. The problem is as a society this isn't a positive thing, and we should put some energy into stopping runaway gambling fads because they are highly destructive when it all comes crashing down. And it always does.
I'd prefer society puts more energy into a more balanced, sane and stable economy and financial system. To address the actual disease rather than the symptoms. But I'll leave it at that.