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Was gonna post this, happy you beat me to it
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Jul 2, 2021 00:02
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| # ¿ May 17, 2024 00:49 |
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CommieGIR posted:https://twitter.com/towersight/status/1411935986817306625?s=20 man there's a lot of expensive stuff still there. someone's gonna have a really bad time with their hand receipt later this year
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Jul 6, 2021 02:23
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https://twitter.com/AuroraIntel/status/1412865526691414016?s=20 oh, UAE, you hosed up the entire slate of OPEC+ talks last week and wasted everyone's time? nice oil tanker you got there, be a shame if something happened to it
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Jul 7, 2021 21:49
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RFC2324 posted:do people think you can just call the kremlin without the nsa being notified? 11th dimensional chess, he did it because he knew it would be picked up on, so he could do a story about it, to get himself more clicks and views
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Jul 7, 2021 23:58
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Nick Soapdish posted:https://twitter.com/AndrewSolender/status/1417591952065789952?s=19 https://twitter.com/dril/status/247222360309121024?s=20
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Jul 20, 2021 23:45
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bulletsponge13 posted:I'm still not sure how Crypto isn't the exact loving thing as fiat currency. No one's backing it with gently caress all- at least if the USD plummets, we can throw some bombs around and make everyone miserable on our way out I mean, there are so many differences, where to start For one, the value of a fiat currency is tied in part to the economic health of a country because the goods and services a country produces are largely paid for in its native currency. Taking “crypto” to mean btc/eth, governments of developed countries also demand payment of taxes in their native currency, not crypto. Kind of adds a utility to the currency if your taxes are due. Transactions are far more efficient in time, volume, power, and marginal cost with fiat payment processing systems. The entire global debt system is tied to a reserve currency, and it’s ever gonna be crypto. You can’t 51% proof of work attack a bank account. etc etc
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Jul 25, 2021 23:51
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| # ¿ May 17, 2024 00:49 |
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RFC2324 posted:Yeah, they have to have enough on hand so that if everyone suddenly decides they need to pull all their cash out, they have enough to keep handing out money til a new truck from the fed shows up. regulations for primary dealer and global systemically important banks are absurdly complicated for non finance experts to follow. suffice to say, there is NOT a big pile of cash sitting around somewhere to cover all of a bank’s liabilities. anyone who wants to spend several weeks learning about this can start here: https://en.m.wikipedia.org/wiki/Basel_III
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Jul 26, 2021 23:09
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