Will the info release break Tether? Clearly they’ve been doing shady stuff … I strongly doubt they are fully backed and I hear they were caught out in the Evergrande collapse (ongoing). If Tether gets dumped because of this how will it affect the crypto market? If Tether is holding a sizeable chunk of bitcoin, they may be forced to sell like Terra was last week which contributed to the bitcoin price drop – and Tether has a larger marketcap than Terra did.
Design for a pluralistic social network…
I feel the same, i think alot of the backing is iou’s, how else did the run all the free promos giving away usdt.
I steered well clear of tether for year’s.
That really works, it feels much easier to read and fast too.
Interesting their website only has that snippet and uses normal text for the rest?
It does, I feel that I need to slow myself down so it may get even faster with familiarity.
Yes thats odd.
your tweet answer to that thread is being shadow throttled, I had to click view more tweets twice or something like that
That seems odd, especially as Wes liked it!
Or maybe not so odd because I click ‘show more replies’ a lot and it’s quite rare that the revealed tweets are the least bit offensive.
found what I had to press:
maybe not the exast same words but it was like this build to make you run away!!!
I read through the first part of the court opinion … it looks to me like the fifth circuit court of appeals just neutered the US SEC.
It’s mostly predicated on the fact that the US constitution requires a trial by jury – and congress, in creating the SEC, unconstitutionally delegated legislative power to it … well the court says “no” - meaning that unless this ruling is overturned in a higher court, the SEC officially is neutered.
A lot of chaos is soon going to follow.
My mind not quite getting around the implications. Are past SEC rullings now essentially void?
Must be. Massive fines they imposed without “proper” authority?
Chaos to follow is probably correct.
That would be implied … and not sure there is a way around it (assuming this isn’t overturned by a higher court). Congress can’t null and void a jury trial requirement as it’s a constitutional right.
I’ve only read the headlines, but why would a constitutional right apply to a business? Did the authors have anything in mind other than rights for individuals? There do seen to be problems with how the US Constitution has been interpreted rather than the document or its intentions, not least the amazing “money is speech” which allows those with money to drown out the speech of those without
I don’t think it’s about the legal entity. The legal entity doesn’t have a will, so it’s not what is being judged - it’s the people running the business that are being judged.
I vaguely remember something like a ruling that corporations are people, so maybe it’s that batshit craziness, but I may be talking rubbish there.
I think the law treats legal entities as persons in the sense that a group of people can use such to act as one ‘person’ for the ease of contracting. But it’s not clear to me how this is disambiguated by the courts. I am certainly not a legal expert.
What should be free
cf “the slavering jackals” … “grave robbers”.