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53 sats \ 5 replies \ @freetx 23h \ on: 41 Million (One in Eight) US Residents Are on Food Stamps econ
What sane country would allow people to immigrate and also allow them to get free handouts? (rhetorical question, I understand the purpose is vote buying).
Funny enough, my worst boss was female hardass....and my best boss was a male hardass.
They were both very similar in the sense that they expected long hours and high productivity. However there were some crucial differences.
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Female Boss: Indecisive. Would flip-flop between decisions or simply not respond, any decision I made absent her input was then criticized - I should chosen the "other" solution. Her worst quality was that she made criticisms personal "you always do this...", "for as smart as you are you are sometimes really stupid...." etc. I have pretty thick skin so I wasn't too offended by that talk, however it makes you mentally click-off and you stop putting in the extra effort once you realize its a lose-lose game.
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Male Boss: Had very high expectations and was very vocal in feedback. However, things were never personal, it was always "we shouldn't do that..." or "thats not the best idea for us in this case....". Lastly he was very decisive he made decisions and if they didn't work out he was upfront that it was a mistake and asked us how could we fix it. That transparency and willingness to take ownership of problems made everyone who worked for him willing to go extra mile to fix problems.
The Pico is a great little board. Particularly when using micropython. The addition of the "PIO" dedicated state machines inside the Pico make it so you can write standard python and offload time sensitive code to the "PIO" processors and get best of both worlds.
All the big tech companies are now all-in on AI datacenters, so they need to walk back their climate change scam talk.
Expect to see Google search results start to reflect this new economic reality.
Its certainly warranted, however has anything ever been done about Pelosi being a better stock picker than Warren Buffet?
Personally I think its better for everyone if we just allow the fraud and market manipulation to be as transparent as possible - like Trump is doing. You can trade against transparent manipulation / fraud, however much harder to do when hidden.
Lost In Space was a very strange show.
Haven't thought about that show in a long time. There was Lost in Space and also Land of the Lost?
One of them had a "computer" that looked like a bunch of glowing marbles. It always fascinated me as a 4 yr old....
so maybe they should just integrate LN straight
Would be possible but much more complicated. First off you have the dreaded liquidity issues: Is the beer seller going to rebalance his liquidity channels mid-operation to get more inbound liquidity.....
More to the point though, the purpose of "tickets" is that the organizer takes a cut. So you sell beer-for-tickets and at the end of the show the vendor redeems the tickets they earned back to festival organizer for 70% value in cash (or whatever).
Point is, CashU most directly fits that model as Cash Tokens = Tickets pretty directly.
100%
I've always felt that CashU was completely valid for short-term use. Imagine you go to a music festival and you buy CashU tokens using the festivals web app. Then you can go around buying food/drinks and eventually "cash out" back to Bitcoin at end.
This solves many issues with using Bitcoin in such an environment and only introduces a small manageable amount of risk.
Sadly though, this is probably a "money transmitter" service.
211 sats \ 18 replies \ @freetx 25 Oct \ parent \ on: Are Cashu mint operators breaking the law? bitcoin
"Uncle Jim"
I think both of your points are valid, but personally I take issue with the whole encouragement of Bitcoiners to "Uncle Jim". Being a bank, no matter your motives, is not a trivial nor risk-free adventure.
Being someones "Uncle Jim" has a fairly big risk of it ending in disaster - regardless if your were at fault or not. Casually intermingling financial responsibilities with friends/family always has a way to end in the worst possible way for all involved.
If the complexities of using Bitcoin mandate that you need Uncle Jims then its time to either (a) improve that, or (b) acknowledge that professional custodians are a thing for valid reasons.
No rational economic market relies on people providing custodial services for free...thus it makes sense why laws don't make exceptions for "You were a money-transmitter but doing it out of the goodness of your heart"
The other non-mormon angle of US Zionism, has its roots in the Scofield Bible. The bible was published by Cyrus Scofield (another interesting character) who was a student of John Darby.
Darby created the idea of dispensationalism which basically posits that the Jews were not disinherited from Gods covenant due to their refusal to accept the Messiah. Rather, God maintained a special "dispensation" which would eventually culminate in the Jews taking over historical lands of Palestine and finally accepting Christ upon his 2nd coming.
This conflicts with the long held Catholic view that the modern Jews were the remnants of the sect who refused Gods New Covenant (Christ). In that view the land of Israel - although having historical significance due to it being the birthplace of Christ - holds no special place in Gods ongoing relationship with humanity.
Effectively Christians are the New Israel (ie. Christians are the Jews that accepted Gods Covenant) whereas the modern Jews are the sect that refused.
To instantly start mining blocks that contain uneconomic data / spam, sends the exact wrong message. Sort of makes it clear that lots of the interest for increasing OP_RETURN comes from pool operators who hope to increase mining fees.
All these companies royally screwed their non-PIPE investors. The whole thing was a pure handout to the fiat participants.
Imagine: PIPE Investors buy in at 1:1 NAV with 30-day restrictions (that is no restrictions beyond normal new listings). Those who actually put up Bitcoin that add directly to the Treasury, come in at 2:1 (in the case of ASST). The stock is then issued at >2 NAV which new investors gobble up.
Its no surprise that the fiat participants are just going to instantly dump at any level >1 NAV. Literal free money.
How can anyone trust management when they put that deal together and promoted it?
In the case of ASST its even more dubious: ASST (Asset Entities) was a social media marketing firm. Strive comes along and offers them a 21% premium to buy all their stock and convert them into a bitcoin treasury company. The existing shareholders of ASST were themselves under no restrictions not to mention they were a social media company, so they heavily promoted the deal on social media.
So you had existing ASST shareholders and PIPE participants both dumping.
Agree. In theory fully collateralized loans using HIGHLY liquid assets that are native digital should in theory be at (or possibly even below) federal funds rate.
I can't get over the fact that its fully collateralized, the risk to the lender is very very small.
Simple things like one-off scripts, yes a non-coder could do.
It would become increasingly difficult to do beyond that though....Essentially at a certain point "Vibe Coding" is just "Project Management" but if you don't understand enough of the underlying tech to instruct it: What languages, frameworks, and architectural approaches to take then its not going to work out well.
pic related.