That powder shopping fast now... $0.93 on a bunch of exchanges

It's floating independently at each exchange, coinbase could be in real bad shape since they guarantee 1:1 conversion.. you can buy on an exchange that allows it to float, xfer to coinbase and take advantage of their guarantee....

Coinbase could be left with a bag of devalued usdc, but... they just paused swaps, so they may continue to display $1 since no trades between dollars and usdc are actually occurring.

Gonna be interesting.

Coinbase has historically always offered 1:1 conversion of usdc to dollars, on other exchanges it is floating as low as $0.96 today.

Re-reading I can see how my statement could be misleading.. don't mean to say that's where it's trading, mean to say that's what it's current backing is.

Oh shit... 'defi' gonna get a serious wake up call on how much decentralization there actually is... even the most 'de' option (dai) is mostly backed by usdc.

Circle just confirmed that they lost about $3.3B of their $40B reserves due to SVB.

1 usdc = $0.92

Uhh... not sure, but yes.. if usdc goes down Dai goes down. Looks like coming back to peg now though.

Usdc is depegging - exchange rate on gemini.

Letting banks fail effectively results in the uninsired balances getting deleted from the economy..

Perhaps forcing bank failures is part of the strategy to fight inflation.

It is EXACTLY what should have happened with voyager, Celsius, ftx, etc.

Pretty wild that the silvergate collapse is being used by politicians to try and ban institutions from using any crypto (including #btc).

So far at least... the silvergate collapse has been the model of how this should happen.. business unsustainable, depositors unharmed, stock holders taking the loss... perfect wind down.

I see alot of note that say translated from Chinese to English, I think they're active.

55

My dad made me this cutting board, it's end grain, which means that each little square is cut out and sanded, then glued together. The top of the board is the end of the grain, so cut marks "self heal" since each cut goes between the strands of wood, not across. It feels like a piece of glass it is so smooth. The absolute precision of that man leaves my mind blown.

There is nothing more annoying than people who won't say "I don't know".

They consider admission of a knowledge gap some kind of moral failing worse than lying.. they will play along with what your saying with no idea to spare themselves the embarrassment.

Grow a sack, say "what do you mean" and learn something.

That's dope

Yes, it's you - own it

First time I've seen MxPx get posted somewhere in 20 years. :)

Lol, you've posted the soundtrack of high-school for me.

Wondering if alot could be done client side to to only download norltes that it hasn't already downloaded from some other relay.

This maybe is already being done.

Tolkien's imagination/ world creation was second to none... but God he was hard for me to read.. the geographic descriptions take hours to read.

The funny part is even if you accept the premise that #[2] is a bad actor; I don't, but even if it's true... what is he going to do? There is no control mechanism, fear of control is completely irrational.

Lmfao.. ya.. I don't think I want my physical house security attached to a social media profule...

What is i2p?

I have some economic arguments for btc over monero that I find convincing.. but no issue with monero users and am forced to agree that in certain cases its use is preferable.

Lmao... It can't be real!!

Been wild watching left and right narratives flip flop the last few years.. Respective supporters also changing on a dime without batting an eye. Seems like most just have a leader, and few have any actual principles.

This is actually the plot of a black mirror episode..

Welcome, glad to have you.

Nostrgram.co has a pwa now too that works quite well.