smoovb

9 ms·

91.
by smoovb 4y ago
A Buddhist monk might call this kind of travel extravagant.
92.
by smoovb 4y ago
Also in the news "Solar Power Harnessed From Space Could Be Wirelessly Transmitted to Earth" https://www.newsweek.com/wireless-electricity-space-solar-pa... Maybe get these teams together?
93.
by smoovb 4y ago
We rely on USDC for our international business and depend on ETH.
94.
by smoovb 4y ago
Is it public what percent of a YT Premium subscription is shared with creators?
95.
by smoovb 4y ago
So if Stripe is one of the best "low risk" processors, who is the Stripe of "high risk" payment processors?
96.
by smoovb 4y ago
How much of $100 bill use is for legitimate reasons versus illicit ones? If the overwhelming majority of the transactions are illicit, it makes sense to ban the $100 bill.
97.
by smoovb 4y ago
Could we feed the authors reading list into an AI and guess his OS, his Amazon history, or his likely topics of conversations at a dinner party? Really curious if you could mirror his decision making and tastes by what was in his reading
98.
by smoovb 4y ago
I tried Mullvad for a year and loved the approach and onboarding. Sadly the connectivity issues and mobile app don't measure up to what I was used to with NordVPN. Not sure why a savvy someone would use a subscription with a VPN, so n
99.
by smoovb 4y ago
Financial technologies that serve the public must always have mechanisms for fraud mitigation and allow a human-in-the-loop to reverse transactions; blockchain permits neither. Human-in-the-loop is costly. Twitter, Youtube and card payme
100.
by smoovb 4y ago
Remember the NYAG wording is going to biased in their favor. Reading between the lines - there was a period in the past where Tether was not fully backed. If Tether was still, as of today, not fully backed, would NYAG conclude this case?
101.
by smoovb 4y ago
Correct. Finex may have started out on shaky ground, but now passed a NYAG lawsuit and is working to become more legit. Even the CEO is out in public now doing podcasts and he never used to be. The only way USDT fails now is a concerted
102.
by smoovb 4y ago
A chart of the landslide: https://stablecoins.wtf/
103.
by smoovb 4y ago
The outcome was a $18.5 settlement with no admission of wrong doing. If there was really shady activity, would NYAG disclose it?
104.
by smoovb 4y ago
Tether is nothing like Bernie Madoff (not an investment or path to riches) and everything like a state issuing currency. As long as the core constituents have a stake in it (the elite exchanges), then it will go on with out issue. The risk
105.
by smoovb 4y ago
Exchanges like Binance, FTX and Bitfinex are all Tether supporters, and will not let if fail - or they go down too. Since they themselves hold a larger portion of it, they can in a sense, control if it fails or not.
106.
by smoovb 4y ago
Large US Banks are required to handle a 10% of capitalization bank run. So USDT has already exceeded widely accepted fractional reserve requirements.
107.
by smoovb 4y ago
Clients have successfully redeemed 10% of outstanding USDT, which happens to be the fractional reserve requirement for major US banks. Evidence they are at least as liquid as any US bank is required to be. https://www.investop
108.
by smoovb 4y ago
Then time for a class action against the NYAG office for not disclosing this to the public.
109.
by smoovb 4y ago
The fact the NYAG settled for $18.5M is as concrete as it gets. If there were more wrong doing than a frozen bank account, why would NYAG settle with no wrongdoing admitted?
110.
by smoovb 4y ago
The early days of crypto were an under-regulated wild west but most projects are now moving from sleazy to more formal regulation. There is evidence that Tether is making moves to improve.
111.
by smoovb 4y ago
You asked for layman's terms, not meant to be rude. ;-)
112.
by smoovb 4y ago
The NYAG release fails to mention - why did they had not have access to banking? Cause the $850m they had in a bank account was frozen. https://bitcoinmagazine.com/culture/bitfinex-files-subpoena-... Then, On May 10
113.
by smoovb 4y ago
Let's say it's 70% or even 50% backed. The withdrawals so far are are about 10% of its holdings. Won't we have to wait for another 40-60% draw down to find out if it's not fully backed? Seems like so far, anyone wh
114.
by smoovb 4y ago
So far they handled a stress test of 10% of holdings. Curious to know what stress an average US Bank is required to handle?
115.
by smoovb 4y ago
You may have heard of a country called Myanmar? Population of 54 million? You might be surprised to learn that a citizen from Myanmar does not have access to a local bank offering USD accounts, nor do they get offers in the mail from Amex o
116.
by smoovb 4y ago
Tether is the BitTorrent of currency. It allows people with less access to financial products to get around the gate keeping institutions and enjoy USD stability in countries where populations are financially restricted. Just like BitTorre
117.
by smoovb 4y ago
One reason is that Tether is not a US company and does not itself operate in the USA. Submitting anything to a US court is a willingness to be subject to US rules and laws.
118.
by smoovb 4y ago
The product needs to be Chrome Premium, which blocks all ads, on all platforms for a fee, where a share goes back to the sites you visit most.
119.
by smoovb 4y ago
Brave IS Google Premium. Sadly they tied it to crypto and made a mess of the payment / payout mechanism, but the product is live and works. Likely Google has noted Brave's uptake and is in no hurry to compete. I'd pay fo
120.
by smoovb 5y ago
With some basic commentary from Sandy Munro - https://www.youtube.com/watch?v=cvNxvm6aQI4 The Giga Press as seen in the video. https://www.idragroup.com/index.php/en/solutions/machines/

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