Search results

Self custody is good to learn also a bitcoin etf fixes this pain point, which is a huge deal imo

none of the proposed etfs use cme for their ssa (they need a spot market exchange) so this is irrelevant

This may be the last piece of the puzzle for the spot bitcoin etf… Sec wants a SSA (surveillance sharing agreement)with a “regulated exchange”, I’d think Coinbase is that at this point.

I use a MacBook, IB works great. Other than that I’m mostly using python. What are you worried about?

This is probably the fundamental thing that I disagree with when people are tether truthers, or don’t invest in crypto bc of tether. Why exactly would an implosion from tether, as unlikely as it seems, cause bitcoin to crash too? I literally don’t understand the mechanics there. I think the...

pretty telling this ends in 2018. Feels like a lot has changed in 5 years

so operating under the assumption this is all fake? Seems like a stretch

right this was established in my first sentence of the first post

Very thoughtful, I agree with most of this. The banks are definitely jealous. Tether also helped immensely by the lack of action from congress around stablecoin regulation. They just started buying bitcoin after the 1st quarter 2023 While shady and I have no use for it, it seems to me they...

Easy bro. I just use USDC when I need a stable bc I'm in the US and I trust them more. I recognize the huge need for Tether around the world, I just personally dont need to use it

Fair enough... but like I said even if you take a 50% haircut on those assets (which seems extreme) Tether is still 100% solvent.

Also this makes tether one of the largest holders of treasury bills in the world which is pretty mind blowing. They just passed the UAE!

@RedDuke

So Tether released their Q2 attestation (I know I know not an audit) and honestly its pretty insane (if to be believed) - Making 1BB per QUARTER in profits! (really insane considering only a handful of people work there). Is this the most profitable company per employee ever? - 3.3BB in...

We are all just (naturally) talking past each other here ... I think some of the problem is words and definitions... Let's take one ... "store of value" What does that actually mean? Does it mean something that increases in value through time and outstrips inflation? Or does it mean something...

This is fantastic news and something I have been waiting for. Getting rid of scum like this helps the whole industry. So many bad actors.

why? A spot bitcoin etf will cause a ton of new bitcoin buying? What’s not to like?

I think it gets approved this time just listens to Larry Fink on Fox and he seems to want this to happen

They announced they will use Coinbase custody. Same as what GBTC uses (and MSTR for that matter)