pull down to refresh
11 sats \ 3 replies \ @freetx 14h \ parent \ on: Gaetz Dodges a Bullet House Ethics Committee to Keep Gaetz Report Under Wraps Politics_And_Law
Why didn't the DOJ prosecute then?
It seems that a DOJ that was prosecuting old ladies for walking thru the capital and pushing for numerous bogus lawsuits against an ex-president would've jumped at the opportunity to take him out if there was any validity there....
"the problem of evil" is a well-known philosophical / theological argument.
In short, the normal explanation is "because you have free will". This is to say that God does not create evil, rather man creates it of his own free will.
There are some gaps with that argument (ie. why would an 8 yr old get cancer, there is no free will there). However this presumes that death itself is "evil", which could be argued against.
Buc-ees is an insane idea on paper that when you see in person you realize how great it is. Their strategic placement (between 2 major cities in TX) make them ideal stopping places when doing road trips.
When UK colleagues come to visit I like taking them to Buc-ees....I always downplay it....like "yeah I think I'm going to stop and get some gas at this place up here"
For reference the average "petrol station" in the UK has 2-4 pumps and 1000sq/ft store attached. For them to see 120+ pumps and a 50000sq/ft "convenience store" freaks them out a bit....
172 sats \ 2 replies \ @freetx OP 20h \ parent \ on: Lummis Bitcoin Strategic Reserve Details bitcoin
Yes, reading the bill the idea is that after 20 years the SBR could sell up to 10% per year.
However I think that is a naive take....I think by the time we reach that point, the SBR would better be used a collateral for fiat loans. Or possibly better, is US Treasury issues "redemption certificates" using SBR as backing. We could wind up with a situation where US Treasury starts issuing its own money again, backed by SBR. (This is probably unlikely, but theoretically possible).
As an aside, Texas currently has a state Gold Depository bank. The idea is you deposit gold into Texas State controlled vaults and they issue you a "redemption certificate" for you to come redeem the physical gold at a later time. Clearly the idea was constructed with the idea that Texas State could become a "currency issuer" of sorts if people were to trade the certificates.....
A similar thing could happen via US Treasury / SBR.
34 sats \ 4 replies \ @freetx OP 21h \ parent \ on: Lummis Bitcoin Strategic Reserve Details bitcoin
200k a month
200k per year, but yes that amount would be "in addition to" whatever holdings other government agencies have or acquire.
Further, the goal is to get states to contribute their holdings via segregated accounts (basically .gov becomes coinbase custodians for states).
Pseudo-Bitcoiners tell you that the gradual takeover of Bitcoin by BlackRock and other financial giants is a Bullish thing. You're also told that there's nothing wrong with bankers becoming intermediaries between the people and Bitcoin, even though Bitcoin was invented to free us from the yoke of the banksters.
The problem of having real freedom is that people can get involved with your project that you don't like.
If bitcoin is so weak that it can't survive the people you don't like buying it, then it was a doomed project from the beginning.
Perhaps we institute a central authority to solve your concerns?
From a historical sense the democrat position is fairly consistent.
The illegals are the new plantation workers.
Tether.
There are some remarkable similarities between Tether and the history of "Euro-Dollars".
When Euro-Dollars first appeared in late 50s the US was initially had a negative view of them (not the least of which because the prime user of ED's was Soviet Union).
That negativity eventually moved to a positive view as they saw it just cemented dollars status and increased demand for dollars (and allowed them to 'export inflation' to a wider base).
Its very similar situation with USDT Tether. In the end, it helps king-shitcoin hold onto to its status as reserve currency.
Thus, I think with Lutnick at Commerce we will see the blessing of stablecoins and they will be encouraged their use for international payment.
All this is obviously good for bitcoin, because as soon as people move funds to completely native digital, they will want to hold a portion in bitcoin for long-term SoV reasons.
However, with Trump being the one enacting it, I think there is at least a 20% chance that altcoins that will be
I'm pretty optimistic that it will be bitcoin only. Moreover I would be willing to bet that the whole "no captial gains tax" thing is only extended to bitcoin and not alts (I think full no-cap gains tax is fairly unlikely though....most likely is they give a "de minimis exemption", so like no cap gains on transactions under $500)
My rationale for bitcoin reserve being bitcoin-only is: (a) Publicly traded companies are already rolling out bitcoin treasuries, there is no alt-coin treasuries out there, (b) Elon has a bitcoin-only treasury in Tesla, (c) RFK has most of his wealth in Bitcoin. (d) Lummis the bill sponsor, has been pretty much bitcoin only.....
Then there is the deeper strategic rationale, it would be foolhardy to adopt a shitcoin into your reserve and then vitalik prints a few million extra coins and dumps on your reserve. That could have real national security implications in coming decades if that were to happen.....
The howie-test for all its criticisms is actually a decent benchmark to protect investors (namely that its sufficiently decentralized and there is no single party that controls the investment). I think that century-long litmus-test will continue and bitcoin will be the beneficiary.
Yes, Bakkt is a shitcoin casino and yes, Trump peddles in his own shitcoinery.
However Bakkt was an interesting idea. Its goal was to standardize corporate award points / gift cards and create a universal exchange.
So you could say, exchange your 1000 United Air-miles for $15 in Pappa Johns giftcard (or vice-versa).
Corporate gift cards are effectively just the original shitcoin and they are never going away. It would benefit us all to be able to break out of their silos and freely exchange their value.
"garbage" and "junk" is just repurposed pieces of the earth.
An aluminum can laying on the ground, doesn't "hurt the earth". The pieces of aluminum that made the can come from the earth itself. Literally like everything else we use.
Its not speculation, it does make it more secure.
Here is a wallet for you:
robust own donate other small can prize essence source setup visual similarI put 100,000 sats in it for you. Its yours (or anyone's) if you can guess the passphrase.
Guessing a missing word from the wordlist is trivial since its a 1/2048 guess. However, Passphrases are not one of the words from the wordlist. They can be anything.
You could use "My Name Is DarthCoin! My Favorite Number is 21,000,000" as a passphrase.
That doesn't mean a wallet is more secure.
How do you figure? I could give you 12 words to a wallet, but without the passphrase (ie. 13th word) you won't be able to access the private keys?
do I use a passphrase?
The benefit of a passphrase is you can write the 12 words down or store in password manager but omit the passphrase and keep that as 'brainwallet'
I don't know the truth of this, but on another forum I read that with Gaetz resigning he effectively checkmated their report....that they cannot legally release the report since he his now not a member of congress and therefore they lack jurisdiction.
Any truth to that?