S&P says tether, with 70-80% reserves in USTs is “weak.”
Now do JPM.
And tradfi inflooencers spike the football that this proves tether is a scam.
24 hours complete.
Ready for the next 48...
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I’m doing a 72 rn also. I have 60 down and 12 to go.
I did it back in June also, this one seems much easier.
That’s one way to look at it
Do you ever have original thoughts that have nothing to do with Trump, or is your entire worldview pointed at figuring out why something he says or does is bad?
Any American with a mortgage is on welfare. Agree or disagree?
https://copyparty.sdbitcoiners.com/shares/welfare/signal-2025-11-16-10-40-08-046.mp4
Redefining words is too 2020 for me.
I am, however against *all* unconstitutional federal subsidies. And I have an extremely broad definition of *unconstitutional*.
The “affordable units” will actually happen. When landlords lose money they will sell. Buyers will be tough to find in rent control, driving unit prices way down.
The rich get taxed 80% so they move to Florida. Then only poor people can bid on rent controlled units, so the city just buys them and you get your full commie wonderland.
Education and health care are already socialist in NYC.
His “little bit” adds price controls which never work. Except this time, I guess.
There’s a reason you’re not allowed to leave cuba and North Korea.
You can freely leave NYC.
Can you see what the most likely outcome is?
Nobody has tried *real socialism*! It’ll work this time!
“Clearly call” is not the standard.
I’ll make this simple. Who pays for the free stuff he promises?
Arrogance will be your downfall.
Leftist superiority complex is a disease, and it’s self-correcting.
Maybe cashu will be saved when Calle follows in Satoshis footsteps and leaves the project to run on its own.
His toxic influence will ruin the promise otherwise.
Personally I loved the one about removing the right to own private property.
What policies are you excited about Mamdani executing?
Who will pay for them?
Calle has chosen a path of arrogance and is reaping what he sowed.
Zohran Mamdani:
What scares Republicans across the country is the fact that we will actually deliver on this agenda.
https://blossom.primal.net/9e1ff53b95c82dc9bdebcd6f2f4d639c3cf446818f4d6a61c14be626bd31311b.mp4
I LOVE Mamdani for New York. That place was a disaster long before he got there. He will be a shining beacon on a hill for all aspiring socialists. This will accelerate the downfall of liberal policies.
Bring on Mamdani!
The left had control of the narrative until Elons hostile takeover of twitter.
The twitter files beget mea culpas from tech titans and sunshine on the abuse of power from government.
Now the whipsaw effect of the suppression of *anything other than far left narrative engineering* for an entire generation is coming to a head.
Sorry not sorry to the liberal screechers. You owe the moderates, the old school liberals, and the entire right wing a huge apology that I realize will never come.
The narrative is not in your hands any more. It only gets more violent when the wealthy liberal power players who used to have control realize their grip slipping away.
I fear we have only begun the rocky road toward a non-leftwing narrative driven society.
Massive fail of bitchat experiment today.
Attended an event with 100,000 of my closest friends, which usually causes cell service to choke, and it did.
So I preloaded 4 contacts into bitchat and wanted to use it as a backup, but still never had any in the mesh network.
One contact standing next to me was even spotty.
If 50 people in the event had the app it would probably have worked, but it’s still useless for its major use case at this point.
This won’t age well.
It’s already hideously ignorant.
So if 100% of the non-miner nodes use knots, and all the miners use core then there’s no censorship concerns, right?
So why are the core apologists berating me for my choice of software? They should only be convincing the miners to run core, since that’s all that matters
No crisis management needed. Just change course and eventually they’ll restore confidence. The lack of “management “ is why this could happen and also why they’re in this “crisis”
Agree on Dorsey, def a clown.
Mallers is a lib, regardless of what he says, and his views are clownish, but strike allows bank to Zeus self custody within minutes. That’s a market need, imo.
Nah, we need strike to be kyc until the BSA is repealed.
You think non-kyc exchange would work, try to compete.
Nope.
My groceries didn’t and won’t go up 40% this year *and* every year after that because of the tariffs.
If stuff does cost more I’ll have the money first, with the opportunity to buy bitcoin and hedge against inflation, then later pay the higher cost. They take the income tax 40% before I see it, removing this benefit.
Tariff boogeyman is only bad if Trump. Tariffs are all over the world all the time. But it’s only bad if Trump does a thing.
Bitcoin taking a 38 basis point *of the total supply* market sell order and boom back in the range band is quite impressive and super bullish.
Shorts are nervous rn.
Love this. I absolutely love that ICE doing their job bothers you so much.
Separate the wheat from the chaff.
Tell me all the other laws you don’t want enforced. I think it’s very democratic of you to overrule the congress on their laws. I look forward to your new laws sir!
Their currency is pegged to the dollar, so the only thing to watch is the peg. They will feel inflation, but only if the US prints money. (As long as the peg holds)
And what are the chances of that?
There’s not $108 trillion USD floating around rn.
There’s $28 trillion actual circulating paying for $108 in USD denominated debt.
So the number needed to service the *entire US M2* economy is 1/4 of the $100 trillion.
Sounds like that should be the plan for the sovereign states then. Decentralize the fiat away.
Never gonna work.
Sounds like a honeypot.
Nice try fed.
There’s always bluesky. You only wanna hear one side, and have a liberal safe space.
I enjoy discussing things with people whose ideas seem crazy to me.
Calls out a strawman, then injects several a note later.
Wake me up when ICE does literally any of the things you accuse them of.
Just move away, the law here doesn’t seem to agree with you.
The “one second after” effect.
A rabbit hole genre of post-apocalyptic fiction was my life a few years back.
I think less than 90% would die off, but the effects are not knowable.
We would be stronger if the result was tribal and local, for generations ahead. Hard times would create strong men.
If we all had to go back to the limits of Dunbars number we might be better off because incentives wouldn’t be perverse anymore.
The welfare state is the degradation of society.
Force starving people to learn how to produce food and/or value to society and more people would do it.
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Best thing for me in 2025 is discovering your podcast.
On 887: you state the evil of IMF loans and their stipulations on the borrower.
While I agree the IMF is evil, the transaction is just capitalism.
When you are liquid enough to offer El Salvador $1.5B with your *non-evil* stipulations, Bukele will take your money every day.
It’s not political, it’s pure capitalism.
It’s like screaming at Shark Tank for negotiating 30% of the company you like on the show while you thought they should only get 10%.
I’m sure the company would take your offer, but you’re not in a position to make it, so they took the offer actually on the table.