977 karma · joined August 22, 2022
These exchanges freeze accounts in fear of what governments might do to them if they weren't cautious/suspicious enough. They have no economical interest in freezing account otherwise, that's one less customer trading and paying them fees.
But the claim about USDT ever claiming that its supply wouldn't increase is pure fantasy. It literally makes no sense if you understand how the peg is maintained (technically by minting and burning tokens).
This is a joke right? Tether (USDT) is pegged to the dollar... and there is not really a limit to the USD printing machine, nobody ever claimed a stablecoin would have a limited supply. It's literally the main critique of the fiat system levied by crypto proponents.
The only asset which has made and still hold promises of not increasing its supply over its limit set through its consensus code is Bitcoin. And it is nowhere close to ever change... as a matter of fact if it changed, most people wouldn't call that fork Bitcoin.
Who do you think you are to pretend to know better than these citizens? You seem to want to impose some unbridled "free" speech that seem to have pretty disastrous effects in the only country where it supposedly exists... is this your idea if "freedom"?
We have tested the limits of tolerence at the cost of literal tens of millions of deaths during the last World War in Europe, I don't think we need any lesson on how we should run our societies regarding free speech because we have done a lot of painful learning.
Looking at the direction/unstability of the American system currently it's not impossible that its people will do the same kind of learning soon unfortunately, might be better to focus on this rather that trying export ideas that we democratically rejected, with purpose.
The FBI does what Trump tells them to do, that's it.
Fortunately he failed to do it when he was in power, and this is in my opinion a big factor in his current demise.
The share of users who find this business move to be a deal-breaker is likely small enough for most manufacturers to not care.
It's not about rewarding saints, it's about rewarding people who do genuine efforts to bring peace in this world.
You wouldn't want to incentivize a reckless vigilante just because some of the times it might lead to a desired outcome, disregarding all the times they'd get it wrong and would cause injustices (leading to more chaos, and not peace) just in their selfish pursuit of accolades and prizes.
Trump is openly mentioning that what he's doing right now is worth a prize, can't get closer to doing it "for the prize". He exaggerates all his accomplishment (no he did not end 7, 8, 9, etc. wars... barely even one).
All of this is done/said for one purpose, and it's not actually peace. It's one thing you can't reproach to him, he is pretty transparent in his intent when you give him a microphone. Do you think he will lose sleep over the peace in the middle east failing (once again)... or do you think he will care more about not getting the prize he literally mentions every time he's questioned about a war?
Home composts aren't usually meeting these, their temperature isn't going high enough for full decomposition and you can have traces of polymers left behind. I throw them in the trash for compostable waste because thankfully my collectivity collects these to generate biogas and my guess is they do end up in much larger/managed composts where they can fully decompose.
Segregation applied to public spaces should indeed be banned, when these platforms become so huge, they become a defacto public square that you can hardly avoid effectively without missing a good share of the conversations that need to happen in public for a healthy flow of information, so I would not see an issue with law makers to regulate this... obviously as long as it's applied fairly.
The issue is that currently even platforms that are getting regulate, for even more concerning aspect (national security, undue foreign influence on fair elections) like Tiktok seem to be exempt of the law itself and the US Congress seem unable to get the laws they voted in a bipartisan manner enforced... the only reason I see is that a certain tangerine tinted individual sees it as a tool to control the American discourse in his favor, and thus refuses to enforce the law. So these concerns about healthy public spaces are taking the backseat for now.
Does it currently? I have a couple Discord accounts that never got tied to a phone number and can still use them.
Telegram on the other hand does that, I've never managed to get my own account for it without a phone number... and all the anonymous (pay for temp number) end up giving you a shared "account" that anyone can take from you if they get attribued the same number (and they will).
HSBC's cash deposit tellers in Mexico were even reported to be wider to accommodate the larger cash deposits from the cartels [1]
The same people we put in charge of watching their own activites are the ones breaking the law, repeatedly... and the governments enable it by arguing that fines are "preferable" to real prosecutions and firm/long prison time for complicit bankers.
They are just taking their share on the illegal traffic revenues, like mob bosses do. No intent to stop them. And in the mean time all these AML hurdles hinder legal activites.
[1] https://www.theguardian.com/business/2012/dec/11/hsbc-fine-p...
My main issue is that all the AML/KYC/KYB barriers we have to deal with never seem to be subject to efficiency tests, all the studies I read and the few audits of these system seem content with it's likely better than doing nothing... but never measure the lost opportunities in trade/business they cause.
In a way it's the same hopless fight against so-called piracy for movies/games. The motivated actors who want to break the law find ways to do it at a large scale, mostly without consequences... and the honest people are just hindered when they want to use their content (even lose access to it when DRMs rely on the existence of the developer/publisher and their goodwill to maintain it way past the time when that media was able to generate revenues).
I'd say for hardware wallets they are as trustworthy as it gets. And they open sourced both their firmware and hardware schematics so it's easier/possible to verify what you are using, if you have the abilities to do it.
The PSBT format isn't human readable (binary), it's following a BIP standard and open source tools exist to decrypt it... or simply use reputable wallets which support this format. And yes before signing a transaction you get a summary of the transaction/fees decoded by the ColdCard device. You then reconfirm it in the wallet you use to broadcast it before sending it on Bitcoin's network.
> I almost feel like crypto bros are all into HODL because spending coins is just too much effort!
A hot wallet is really no hassle to maintain and use, keep whatever you are willing to lose in it (like you would do in your real world physical wallet with cash... if you still have one of these). For larger amounts HW are more of a hassle... like it's more of a hassle to go to the bank to deposit/withdraw large sums. The differences are that Bitcoin is open 24/7, doesn't tell you what you can/can't do with your money, doesn't add/charge more fees each month for service you didn't ask for and most importantly isn't at the mercy of a single political actor deciding to devalue it more by increasing the national debt. It will be affected by markets like all things, but its total supply is quote certain at least.
Unless you manually inscribe it with a laser (good luck), that wouldn't really be a great idea unless the computer assisting you in the inscriptions is completely air-gapped.
Stamping/manually engraving your seed on fire resistant stainless steel (308 is my preference) is still one of the most "air-gapped" way to do this.
> at some point they connect to the internet for transactions,
Some don't, for example ColdCard. It is possible to use it without ever connecting it to a computer. Using a power source and a USB cable, they even offer a way to avoid using power adapters (using common batteries) as these tend to become "smarter" these days and could one day be the source of an exploit.
The GENUIS act and I think MICA both disallow that part, exactly for this reason... traditional banks were seeing the writings on the wall and lobbied for such yield distributions to remain their own privilege only. For now.
But you can pretty easily find similar/better yield using DeFi and stake/bond some of your crypto assets in various strategies.
The difference is that there are virtually no minimum and usually no KYC... but there are also not many guardrails/gatekeeping, which leave the place to many scams/traps. It's best to stick to the largest platforms/communities and not fall for insane APY claims.
TerraUSD enters the chat
You're right that they aren't speculative in the financial sense of "hopefully gaining value over time", but you do speculate (in the more general sense) on the fiat-pegging mechanism(s) to work to preserve the value you are storing in them...
It confirm a bias for some, it triggers others who might have the opposite position (and maybe have a bias too on the other end).
Perfect combo for successful social media posts... literally all about "attention" from start to finish.
For small amounts all these mobile/addons/desktop software are fine (with minimum caution like avoiding reckless behavior described in the OP). For larger amounts cold storage (of which hardware wallet are the easiest to deploy) will protect your funds.
When you put cash in your physical wallet you assume that this could be lost to a robber in the streets, with little to no recourse. You wouldn't put all your belongings in a big bag you would carry everywhere you travel, or if you did you would increase your security proportionally to this increased risk... if you don't, nobody would shed a tear over your potential losses.
Not sure how this is different with crypto, I guess people assume everything is safe by default because it has no physical form, despite the 20 warnings and security reminders they get when they setup any crypto wallets.
I don't trust and nor like the refund policies/processes and all kinds of fences they implement, and often even after I have bought a game I will keep using the pirated version because it is more convenient (offline play, no need to login and it's already installed... when games are 100-150GB sometimes it's a waste of time to reinstall using Steam). Do you have another kind of usage that leads to these false positive?
None of what you said applies to what I have suggested.
You should ask them why they've generated about 58 million millionaires and 2,700 billionaires worldwide. That's some actual "hoarding" you should be concerned about, instead of concern trolling about Bitcoin.