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I think the reporter might have confused a homophone
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May 13, 2021 19:26
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has anybody said horsecoin
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May 13, 2021 19:26
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Hammerite posted:I want to see buttcoiner takes about how this is fine and actually, good for bitcoin https://twitter.com/FedGuy12/status/1392882364221562880
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May 13, 2021 19:27
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killhamster posted:has anybody said horsecoin 
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May 13, 2021 19:28
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yes of course a coin that hasn't been updated in two years and isn't traded anywhere has a market cap of over 200k, that's fine and normal
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May 13, 2021 19:31
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a prime money market fund that is pretending to be 1 to 1 tied to the US dollar, yeah that's how that works
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May 13, 2021 19:32
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quote:The largest share of their backing is in the category they call “Cash and Cash Equivalents and Other Short-Term Deposits and Commercial Paper”. That category is dominated by Commercial Paper. Commercial paper is largely unsecured bonds issued by companies to raise short term funds. It is unclear which corporations are included in this commercial paper. It is important to note that the asset breakdown very clearly says that the ‘Secured Loans’ are not to affiliated entities, it makes no such distinction for commercial paper. It is certainly possible that the commercial paper is coming from an affiliated entity. lol
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May 13, 2021 19:36
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Hammerite posted:i was expecting they would just not publish anything and stall out for another month quote:What does this all mean? It means I’m exhausted. Tether backs their liabilities with liabilities and launches them into a market-place that treats Tether as if they are safe and secure as a money market fund. Huge portions of Tether backing are assets who’s value is inherently dependent on counterparty’s creditworthiness and we know nothing of the creditworthiness. The market seems okay with this. People seem even relieved to have this breakdown. sounds like its very good for bitcoin because the rational hand of the free market decided that its fine
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May 13, 2021 19:38
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Cash and Cash Equivalents and Other Short-Term Deposits and Commercial Paper Rules Everything Around Me
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May 13, 2021 19:40
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it's fun to imagine that "commercial paper" means that garbage single-ply georgia pacific toilet paper used in public bathrooms
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May 13, 2021 19:43
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commercially available paper we went to staples and bought 114 million reams of paper, every tether is backed 1:1 with one sheet of A4 paper
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May 13, 2021 19:53
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Cash, gold, expensive electronics, imaginary dollars - 75%
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May 13, 2021 19:54
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killhamster posted:has anybody said horsecoin
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May 13, 2021 20:01
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killhamster posted:yes i'd like to know more about hourse please here is horse https://www.youtube.com/watch?v=NkRkuI0ZgX0
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May 13, 2021 20:05
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is it time to sell my doge coin yet?
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May 13, 2021 20:07
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nvrgrls posted:is it time to sell my doge coin yet? buy the dip
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May 13, 2021 20:11
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Boxturret posted:buy the dip Or dye the bip.
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May 13, 2021 21:47
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cry the tip
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May 13, 2021 21:55
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Boxturret posted:buy the dip be the dip
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May 13, 2021 22:09
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cash and cash accessories
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May 13, 2021 22:20
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I Can't Believe It's Not Cash
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May 13, 2021 22:22
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Boxturret posted:buy the dip
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May 13, 2021 22:23
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SporkOfTruth posted:anyone got a definitive takedown of why proof of stake is still loving stupid? I have too many friends morphing into bazingas over this poo poo like shame boy said it's not really stupid and in fact would be way way better for the entire world IF the major cryptos switched to proof of stake. my personal theory as to the reason they don't switch, is it really gives lie to the idea that cryptocurrencies are "decentralized". while they aren't (anymore), the idea that they are is the main nominal thing that originally attracted people and you don't want to just throw that away because now you're just even more obviously selling the equivalent of WOW gold or robux.
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May 13, 2021 22:31
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https://twitter.com/johnsemley3000/status/1392953104237203461
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May 13, 2021 22:32
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SporkOfTruth posted:anyone got a definitive takedown of why proof of stake is still loving stupid? I have too many friends morphing into bazingas over this poo poo Because it's a system where the best way to make money to already have money. It's just trying to restart the existing financial system with different people at the top.
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May 13, 2021 22:51
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Jose Valasquez posted:Because it's a system where the best way to make money to already have money. It's just trying to restart the existing financial system with different people at the top.
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May 13, 2021 23:31
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proof of snu-snu is the only just basis for a currency
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May 13, 2021 23:40
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but don't buy the berries dried on the mining rig
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May 13, 2021 23:41
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proof of dingleberries
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May 13, 2021 23:41
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cool av posted:like shame boy said it's not really stupid and in fact would be way way better for the entire world IF the major cryptos switched to proof of stake. i would like to clarify that my position is that it is, in fact, "really stupid", it's just stupid in a way where i don't have to care about it which is so much better than the current system
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May 13, 2021 23:49
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well, yes, fair enough
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May 13, 2021 23:51
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yospos > butts coins: it is, in fact, "really stupid"
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May 13, 2021 23:53
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Shame Boy posted:i would like to clarify that my position is that it is, in fact, "really stupid", it's just stupid in a way where i don't have to care about it which is so much better than the current system Shumagorath fucked around with this message at 00:22 on May 14, 2021 |
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May 14, 2021 00:12
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issuing correction on a previous post of mine, regarding the terror group proof of stake. you do not, under any circumstances, "gotta hand it to them"
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May 14, 2021 00:13
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was thinking to myself that maybe decentralization via having maybe, a maximum hash rate tied to transaction volume and equally distributed over the network's computers would be okay. rather than, you know, having the limit of energy consumption approach infinity while the transaction volume remains fixed. then again, i am not very bright, so
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May 14, 2021 00:53
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if the hashrate (or whatever) per node is fixed, then that just means that whoever wants to control the network has to collect more nodes instead of making individual nodes faster (buy building a better asic or whatever) transaction volume as a control mechanism is a nonstarter because miners can decide how many (or how few) transactions to include per block. so if adding more transactions would make them more money, miners could just add a bunch of wash trades between addresses they control to boost the numbers. if lowering the number of transactions makes more money, well we already know what that looks like because a lot of miners have ignored transactions for the fractional increase in hashrate they can squeeze out of it
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May 14, 2021 01:09
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https://twitter.com/profjeffjarviss/status/1392980085989421061
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May 14, 2021 01:43
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QR codes are widely used, do they require any amount of trust in them by the public? I don't get that tweet. I guess people showing their tickets on their phones trust that the QR code they display will get them through the barrier?
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May 14, 2021 02:46
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there are certain people who think that bitcoin invented qr codes
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May 14, 2021 03:03
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| # ? Jun 6, 2024 05:19 |
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https://twitter.com/Pinboard/status/1392960947501731842
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May 14, 2021 03:10
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