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it's almost as if the fundamental premise of buttcoin -- a trustless economy -- is lunacy and the only way to function in a society that includes other people is to have faith and credit in the other actors of your system naaaaaaaaaaaaaaaaaaaaah
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Oct 24, 2020 19:43
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Tether did submit some kind of evidence to the SEC or another US regulator last year that they in fact have assets totaling (IIRC) 70% of their liabilities (including non-cash assets like Bitcoins). You'd think this would instantly cause the value of Tethers to drop to $0.70 on the "dollar" since that's the most you could expect to get for your Tether if all the backing assets were distributed evenly, but it's still trading in the $0.98-$1.00 range presumably because all the people who are willing to buy it think of it like a Ponzi where of course they'll be one of the ones to cash out before the money runs out.
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Oct 24, 2020 21:25
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Has anyone said "you're HODLing it wrong" yet?
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Oct 24, 2020 22:53
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gschmidl posted:Has anyone said "you're HODLing it wrong" yet? that's what you say to the guy holding the tactical club right before your death
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Oct 25, 2020 01:35
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Mr.Radar posted:Tether did submit some kind of evidence to the SEC or another US regulator last year that they in fact have assets totaling (IIRC) 70% of their liabilities (including non-cash assets like Bitcoins). You'd think this would instantly cause the value of Tethers to drop to $0.70 on the "dollar" since that's the most you could expect to get for your Tether if all the backing assets were distributed evenly, but it's still trading in the $0.98-$1.00 range presumably because all the people who are willing to buy it think of it like a Ponzi where of course they'll be one of the ones to cash out before the money runs out. turns out they’re fine with fractional reserve banking as long as it’s not the (((bankers))) doing it, who’d have guessed
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Oct 25, 2020 09:28
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This is delightfully evil https://yle.fi/uutiset/osasto/news/psychotherapy_centre_data_breach_victims_receive_extortion_emails/11612230 extorting psychiatric patients not to leak their journals, what will cryptocurrency enthusiasts think of next
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Oct 25, 2020 13:47
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r u ready to WALK posted:This is delightfully evil https://yle.fi/uutiset/osasto/news/psychotherapy_centre_data_breach_victims_receive_extortion_emails/11612230 this is why a career of being a complete mess in public has immunized me to many threats leak my psychiatrist’s notes? dude i write first-person essays about being as crazy as a box of frogs for money
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Oct 26, 2020 18:42
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AlbieQuirky posted:this is why a career of being a complete mess in public has immunized me to many threats lol just lol if frogs talk to you while writing. everyone knows crickets are the new hotness. they are just a bit more intellectual about like avoiding cats out to get you and living in cow flops.
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Oct 26, 2020 21:09
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Mr.Radar posted:Tether did submit some kind of evidence to the SEC or another US regulator last year that they in fact have assets totaling (IIRC) 70% of their liabilities (including non-cash assets like Bitcoins). You'd think this would instantly cause the value of Tethers to drop to $0.70 on the "dollar" since that's the most you could expect to get for your Tether if all the backing assets were distributed evenly, but it's still trading in the $0.98-$1.00 range presumably because all the people who are willing to buy it think of it like a Ponzi where of course they'll be one of the ones to cash out before the money runs out. how many of those "assets" are just more butts. i mean by that logic you could just put a random number in front of the percent sign and call it a day
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Oct 26, 2020 21:16
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it's tethers all the way down!
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Oct 27, 2020 03:40
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we back our tether with litecoin, we back our litecoin with bitcoin, and we back our bitcoin with tether. perfectly stable!
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Oct 27, 2020 04:17
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Shumagorath posted:it's tethers all the way down! 🄵uck, 🄸t's 🄰ll 🅃ether
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Oct 27, 2020 04:48
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Tether is just one letter away from teether.
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Oct 27, 2020 05:10
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Paladinus posted:Tether is just one letter away from teether. each tether is backed 1:100000000000 by satoshi's teeth
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Oct 27, 2020 05:44
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Paladinus posted:Tether is just one letter away from teether. Can't fight the teether. Can't fight the teether. Can't fight the teether. Can't redeem her till I'm foaming at the mouth.
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Oct 27, 2020 11:11
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the teether's Louise?!
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Oct 27, 2020 14:30
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CampingCarl posted:we back our tether with litecoin, we back our litecoin with bitcoin, and we back our bitcoin with tether. perfectly stable! https://www.youtube.com/watch?v=KzSPS3WCY2c
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Oct 27, 2020 15:15
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Marian had gotten in a argument with her mother over how her grades were dropping /it ended up being her brothers/, Marian being not kin to arguments ran outside and hid from her mother. Later on she comes out but, ends up being kidnapped by a older man in his late 20's, he ended up cutting her hair and dying it a Gingerbread brown and making her wear green contacts. She was then sold online to a bidder by the name 'ScaryMan' for 1,000,000 Bitcoins. To this she was tortured and raped multiple times by the scary man and was later killed on accident during a rough sex with a rope being tightly pulled around her neck to much. Scary man then took her nose away for a safe keep and stitched her mouth up to a smile before he buried her. She was then summon on accident by Essence. (USER WAS PUT ON PROBATION FOR THIS POST)
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Oct 27, 2020 18:24
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what
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Oct 27, 2020 18:32
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Boxturret posted:what Same.
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Oct 27, 2020 18:34
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i hate that i recognized that
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Oct 27, 2020 18:54
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Shame Boy posted:i hate that i recognized that i’m glad i didn’t
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Oct 27, 2020 20:16
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is this about brazil again
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Oct 27, 2020 20:39
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Let's not do this
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Oct 27, 2020 22:25
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reddit lol posted:I took a $12,000 cash advance on my credit card to buy bitcoins. Please tell me I'm not crazy
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Oct 27, 2020 22:51
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https://twitter.com/laura/status/1321205299219292160
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Oct 28, 2020 12:43
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Zamujasa posted:how many of those "assets" are just more butts. i mean by that logic you could just put a random number in front of the percent sign and call it a day I wonder how many of the "non-cash assets like butts" are just Tethers they printed and held
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Oct 28, 2020 13:16
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I'm pretty sure these figures were not rigorously audited and came out because of the pending NY lawsuit against tether, where one of the responses says "we pinky swear we have beeelllioonss of dollars, almost enough for 75% of all tethers" which is not truly exonerating AND also highly suspect since it's as far as anyone can tell still just a figure pulled from their rear end.
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Oct 28, 2020 13:31
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we got the book artwork done last night and its fuckin awesome
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Oct 28, 2020 13:39
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Not impressed with your credentials, Mr. Gerard (if that's your real name). Why would I read a book by someone who doesn't even have an instagram account?
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Oct 28, 2020 14:30
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what was the thing the bitcoiners were whining about with the last book, that you're not even a programmer!! or something
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Oct 28, 2020 14:44
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That Gerard character doesn't evne have a logo that looks like a toilet
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Oct 28, 2020 14:53
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how facebook tried to take over the money david gerard
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Oct 28, 2020 16:43
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every tether is fully backed 3:4 by real cash like substances
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Oct 28, 2020 16:44
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divabot posted:we got the book artwork done last night and its fuckin awesome The is out-loving-standing, Davidbot! I don’t have any money until my disability ss comes in November ( I’m broke spending money for actually needed things until I can prove to gub’ment that my 97 year-old Granny isn’t dead), but I am buying a physical copy for my birthday November 5th! Great job again; cannot wait to read!
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Oct 28, 2020 17:10
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Boxturret posted:how facebook tried to take over the money david gerard
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Oct 28, 2020 17:43
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he's so money!
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Oct 28, 2020 17:59
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Boxturret posted:every tether is fully backed 3:4 by real cash like substances Warning: Contents may
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Oct 28, 2020 18:09
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processed cash food
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Oct 28, 2020 18:11
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we take the cast off pieces produced in the cash making process and mix them into a slurry
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Oct 28, 2020 18:14
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