Oddbean new post about login | logout it is interesting that the suits calling for binance to be stomped out by the state are mostly quiet about bitfinex/tether im sure it is completely unrelated from the fact that the bitfinex guys are cutting massive VC checks for bitcoin startups
as a go and bitcoin dev i can tell you stories about how incredibly weird the entire bitcoin funding culture is altogether. most of the money is going to people who are more influencoor than programmer, and certainly, very little at all is going to real engineers and problem solvers.
That's a shame. Do you have any idwa how to change this?
And yes, i would be interwsted in reading this stories.
well, i just have some extraordinary experiences dealing with certain codebases that are funded by certain organisations and these experiences make me wonder how much money is actually going into them, what the culture of those who receive the money to work on them is, because it's sure seems difficult to get fixes merged in without having showed up at a conference to drink beer with them.
Not sure if I'm missing something but it seems obvious Tether is safe because they buy US treasuries in significant numbers, bend the knee to censorship when really needed, and can help the US to bottom up dollarize the entire globe funding the empire for another 100 years by exporting inflation to 8 billion people.
my speculation has been that the hesitancy surrounding Teather is that they are now 22nd largest holder of US Treasury Bills ($73b) … & the US demands a willing buyer of treasuries
Never forget the Bitfinex scam https://youtu.be/5KXHgh2rTTw
who are you lol
Suits want to control the majority volume of #bitcoin, so that they can play rehypothecation games.
Recomiendas que no usemos más usdt?
If we were to think Tether and Bitfinex are evil, then how are Holepunch and Keet evil? To me it seems more likely that they have a role to play in the grand scheme. Do we think Satoshi Nakamoto was a random lonely citizen developer? Or do we think it was an organization with ties to Assange, Kennedies, Trumps, somebody in CIA, FSB, Q, perhaps Putins, and hell knows who with moderate powers, whoever is now holding Rockefellers, Rotschilds and alike by the balls? Do we think Bukele was not crushed because he by himself was too powerful to be crushed? 😄 Remember Gaddafi? I think money printers were gods, and they could only be challenged by stray gods, not humans, and not bitcoin magically growing from humans. Bitcoin could only have grown from the gods. I think it stills needs careful nurturing by the gods to be able to reach maturity. Remember Kennedies don't have roots in humans? They failed then, and came back with bitcoin.