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Was an interesting podcast actually. Just listened to it this morning. https://open.spotify.com/episode/3jIL02ivekv4hvKmcz7CPU Paolo Ardoino, the CEO of Tether, rejoins the show for a timely discussion. In this episode: * How is Paolo feeling about political trends in the US today? * Tether is the 7th-largest buyer of USTs at the sovereign level * Paolo’s decision to spend more time in the US * What does Paolo make of the stablecoin bills in Congress? * Does Tether want to eventually come onshore to the US? * Tether is pursuing a Big 4 Audit * The effect of Operation Choke Point 2.0 on Tether * Tether is moving their HQ to El Salvador * Paolo’s thoughts on stablecoins in MiCA * How does Tether get to the figure of 400m global users of the stablecoin? * Tether’s efforts to better understand their userbase and usage modes * Tether’s methodology around balance sheet investing * Is Paolo concerned about crypto-dollarization? * Tether’s relationship with Cantor now that Lutnick is Commerce Secretary * Is Paolo concerned about the emergence of interest-bearing stablecoins?
Sorry for being pedantic, but pretty much all \*but\* the United Nations HQ are situated in Geneva, Switzerland. UN-HQ is based in New York.
What a joke! I'm American and the only independent, free-floating, foreign currency I believe that can hold its weight against the dollar is the Swiss Franc. They have multiple industries that they are highly successful in and respected by the world that gives strength to their currency. Think Rolex, watches, banking, gold bullions, chocolates, pharmaceuticals, United Nations HQ, etc.
SBR. Yes, you read that right. A Strategic Bitcoin Reserve could be a gigantic black swan for Bitcoin. It goes like this: 1- Components of a SBR 2- Reserve paradox 3- Adoption 4- Mistakes 5- Black Swan 1- The Bitcoin reserve should be comprised of only Bitcoin, that goes without saying. Nonetheless, there were announcements of other altcoins to be included. That is a big indication of the following points in this post, because it shows that the government doesn't know much of what they are talking about. 2- Even if they do everything right and they create a SBR comprised of only Bitcoin, you are faced with the following paradox: USA, the mayor economy in the world, has convinced the whole world to use their money (Dollars) as reserve. So the argument that they should have a SBR to protect themselves from the devaluation of the dollar is contradictory. Or at least is confusing for other economies. 3- If they create a solid, Bitcoin only SBR and also they somehow advance beyond the paradoxes, the most probable outcome is that all the other economies will also have their SBR 4- The thing is that for a long long time there were 2 things happening in the world: a fractional banking system and governments who's only concern was how to spend money. If they apply these rules but with a SBR that is a big mistake. See, in a fractional banking system, if a bank branch lends more than they have in their reserves, HQ can simply print more money for them. If HQ is in trouble, the Fed can print more money for them. And governments, banks, buisinessmen in general are all too used to working like thet. But if you try that with a SBR you have: 5- Black swan. That is when a Bank branch, the bank HQ and the central bank, all of them forgot that BTC can't be printed out of thin air. All of them expanded their loans, their spending beyond what they could afford and now they have to pay back. In Bitcoin. You think that this is waaaay too imaginative but governments spend, that's their modus operandi and banks speculate with risk. Believe me that more than one of them will say "don't worry, this risk is manageable" forgetting that with Bitcoin there is no lender of last resort.
Not necessarily. Open Source comes in all shapes and sizes, and the decision to consume a package often is multi-dimensional. I'd say it's more rare for a successful, mature product to be entirely unfunded. I.e. lets take a look at Blender. It's GPL, it's as copyleft as you can get. This is a tour of their offices, where the salaried employees work. [Blender HQ Tour #3](https://www.youtube.com/watch?v=mf2uAJepT44) Generally they don't make money from selling software, but they do make money from selling support, consultation, licensing, etc. There is a ton of vectors for an open source company to make a profit. You can see their finances here on page 96, nearly 1m spent towards salaries. [Blender-Foundation-Annual-Report-2022.pdf](https://download.blender.org/foundation/Blender-Foundation-Annual-Report-2022.pdf) And this is a very left leaning license, GPL success is harder, because it has to basically be a standalone app. If it's a library GPL is poisoned. It has to be LGPL and even then people are cautious. In the library space, Apache, MIT, BSD licenses are the norm, and those projects are more likely to attract corporate sponsorship, especially if they are mission critical.
How would I take a HQ version? I only have a camera phone.
Beautiful. Please take a HQ version and share with us. I can't find it with Google Lens except for your post
FUCK FIAT! bITcOiN iSnT rEAl Fuck right off!!! Your pieces of paper ran out of the latest HQ laserjet pro are meaningless! EARN FIAT, PAY INCOME TAX, PAY SALES TAX, PAY PROPERTY TAX... THEN WHATEVER MEASLEY AMOUT YOU WALK AWAY WITH THEY MAKE YOU PAY CAPITAL EFFING GAINS TAX. PLUS IF YOU'VE MIRACULOUSLY ENDED UP AHEAD THEY JUST DILUTE IT BY REPLACING THAT LASERJET INK CATRIDGE AND LETTING IT RIP and yet bitcoin isn't real..... Wake up everyone letssss goooooo
Its just HQ trivia brought back
I was getting those notifications but ignored them like I do everything else RH related. Oops. Sounds like the old HQ trivia that I used to do quite well with
1, look yourself in the mirror and tell yourself this. I accept FULLY, that I may and will like lose ALL my money. However I may also get lucky and make a few dollars.. but in all likelihood I will let my emotions get the better of me leading g me to make dumb trades.. Come to terms with that, and yeah you’ll be fine. WELCOME TO EXIT LIQUIDITY HQ! make yourself at home
Our printer is working just fine at Tether HQ
By now everybody has heard our story, it’s the bad actors trying to keep us down man, we’re still here tho. Sticking it out man. Fighting back against the system, we’ve banded together and emerged triumphant, we’ve taken back the HQ and the resistance continues. Join us on tg, learn the lore and strap in for launch, it’s happening now. $THC
Cardano showing strength, maybe Hoskinson spotted at Dept Of Government Efficiency HQ to meet Elon?
I cannot. Looks like a flop. I’m more into things that have been around a bit longer and beat down lately, and low cap… been eyeballing GEKKO HQ, BARA, and have a little gamble bag of CAW.
Nice, thanks for the info mate! Completely understandable, don’t want to get you in trouble. At least it’s good to hear from someone inside that those projects are making progress. Say, how do you perceive the general feeling among the employees? Are y‘all bullish about ICPs progress in general? Is there a good atmosphere in the HQ?