Explanation
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 2092. (Read 26609792 times)
April 16, 2023, 09:01:18 AM
April 16, 2023, 08:51:41 AM
#Bitcoin is a self fulfilling prophecy.
https://twitter.com/BitcoinMagazine/status/1647580889247801345?cxt=HHwWgoCzpd2Fsd0tAAAA
https://twitter.com/BitcoinMagazine/status/1647580889247801345?cxt=HHwWgoCzpd2Fsd0tAAAA
April 16, 2023, 08:45:23 AM
Bitcoin: "I found this image from the conference last year for you"
Maybe a KArples "associate".
April 16, 2023, 08:33:16 AM
But what is it?
Are "we" actually supposed to read to find out?
Thanks...interesting.
Upon an initial read, here are some nuggets: they distinguish between "payment stablecoins" and "endogenously collaterized stablecoins".
obviously, USDC/USDT fits into cat 1 and cat2 is like infamous 'almost dead' Luna. Cat 1 can only have cash, 90 day Treasury bills, deposits with Fed reserve and 7 day repurchasing agreements for 90 day bills backing it (at least 1:1). Another interesting point: deposits of payment stablecoins are deemed as legally belonging to a person, NOT to the institution which holds them. Even more interestingly, if a payment stablecoin issuer goes bankrupt, stablecoin owners have first dibs on remaining assets (their rights are higher than anybody else).
On a more sombre note, stablecoins are NOT covered by FDIC and it is expressly forbidden telling customers otherwise. BTW, the issuance of new "endogenously collaterized" stablecoins is prohibited for 2 years under moratorium, but current are grandfathered in. Did not see a part if current "payment stablecoins" (like USDC/USDT) are grandfathered in or not-the doc it too long. Maybe someone else can pinpoint this part.
Obviously, Wall Street wants to "play" with stablecoins, but, personally, I don't see much need for them now, especially when fast payment rails would be established soon. Perhaps, stablecoins is a way for banks to get back into the payments (after they were effectively cut off by the FedNow system).
Upon an initial read, here are some nuggets: they distinguish between "payment stablecoins" and "endogenously collaterized stablecoins".
obviously, USDC/USDT fits into cat 1 and cat2 is like infamous 'almost dead' Luna. Cat 1 can only have cash, 90 day Treasury bills, deposits with Fed reserve and 7 day repurchasing agreements for 90 day bills backing it (at least 1:1). Another interesting point: deposits of payment stablecoins are deemed as legally belonging to a person, NOT to the institution which holds them. Even more interestingly, if a payment stablecoin issuer goes bankrupt, stablecoin owners have first dibs on remaining assets (their rights are higher than anybody else).
On a more sombre note, stablecoins are NOT covered by FDIC and it is expressly forbidden telling customers otherwise. BTW, the issuance of new "endogenously collaterized" stablecoins is prohibited for 2 years under moratorium, but current are grandfathered in. Did not see a part if current "payment stablecoins" (like USDC/USDT) are grandfathered in or not-the doc it too long. Maybe someone else can pinpoint this part.
Obviously, Wall Street wants to "play" with stablecoins, but, personally, I don't see much need for them now, especially when fast payment rails would be established soon. Perhaps, stablecoins is a way for banks to get back into the payments (after they were effectively cut off by the FedNow system).
Oh?
Biodom to the rescue.
Its not much tougher to read than one of your long winded posts.
Actually I see a attack vector in there that I'm waiting for others to notice.
Maybe ask GPT with the "petertodd" token to ELI5 for those of you using that.
April 16, 2023, 08:26:26 AM
Size not be requirement just Enjoy and see brother 
April 16, 2023, 08:01:18 AM
April 16, 2023, 07:25:24 AM
Chartbuddy dominance 58%
April 16, 2023, 07:01:21 AM
April 16, 2023, 06:01:18 AM
April 16, 2023, 05:01:18 AM
April 16, 2023, 04:58:41 AM
Trader Who Accurately Predicted 2023 Crypto Rally Unveils Full-Bull Scenario for Bitcoin – But There’s a Big Catch.
post
post
April 16, 2023, 04:01:20 AM
April 16, 2023, 03:01:16 AM
April 16, 2023, 02:01:16 AM
April 16, 2023, 01:48:25 AM
im doing fine btw...
lmao
lmao
If you are Adam.. you went a little coo-coo for coco puffs.. to my recollection... and sure we could revisit some of those olen days.... to see if we might get anywhere from those times versus these times.. and many of us made a lot of mistakes, but we ONLY have now to consider whether or the extent to which we might take some corrective actions... or what we are able to recover in terms of where we have been, where we are and where we might plan to go..
[edited out]
you slacking bro where's that wall of text??I have my moments.
Quote from: TrustedBitcoiner link=topic=deleted post
how many of us watch this fucking thread anyway??
If you knows? You knows?
Times get like this in bitcoinlandia. Don't you know nuttin.. .tumble weeds sometimes happens....
Any "free" beers to offer "us" while we waits? (asking for a fren)
April 16, 2023, 01:31:02 AM
if you are reading this, choose to live.
April 16, 2023, 01:18:24 AM
I did not think you were insulting blacks or gays, but I am a white 66 year old baby boomer so as JJG says what the fuck do I know.
You made a good point once or twice.
It's probably because of how westerners use gas station toilets.
Now I am starting to appreciate that this thread is "going down hill."
But what is it?
Are "we" actually supposed to read to find out?
Thanks...interesting.
Upon an initial read, here are some nuggets: they distinguish between "payment stablecoins" and "endogenously collaterized stablecoins".
obviously, USDC/USDT fits into cat 1 and cat2 is like infamous 'almost dead' Luna. Cat 1 can only have cash, 90 day Treasury bills, deposits with Fed reserve and 7 day repurchasing agreements for 90 day bills backing it (at least 1:1). Another interesting point: deposits of payment stablecoins are deemed as legally belonging to a person, NOT to the institution which holds them. Even more interestingly, if a payment stablecoin issuer goes bankrupt, stablecoin owners have first dibs on remaining assets (their rights are higher than anybody else).
On a more sombre note, stablecoins are NOT covered by FDIC and it is expressly forbidden telling customers otherwise. BTW, the issuance of new "endogenously collaterized" stablecoins is prohibited for 2 years under moratorium, but current are grandfathered in. Did not see a part if current "payment stablecoins" (like USDC/USDT) are grandfathered in or not-the doc it too long. Maybe someone else can pinpoint this part.
Obviously, Wall Street wants to "play" with stablecoins, but, personally, I don't see much need for them now, especially when fast payment rails would be established soon. Perhaps, stablecoins is a way for banks to get back into the payments (after they were effectively cut off by the FedNow system).
Upon an initial read, here are some nuggets: they distinguish between "payment stablecoins" and "endogenously collaterized stablecoins".
obviously, USDC/USDT fits into cat 1 and cat2 is like infamous 'almost dead' Luna. Cat 1 can only have cash, 90 day Treasury bills, deposits with Fed reserve and 7 day repurchasing agreements for 90 day bills backing it (at least 1:1). Another interesting point: deposits of payment stablecoins are deemed as legally belonging to a person, NOT to the institution which holds them. Even more interestingly, if a payment stablecoin issuer goes bankrupt, stablecoin owners have first dibs on remaining assets (their rights are higher than anybody else).
On a more sombre note, stablecoins are NOT covered by FDIC and it is expressly forbidden telling customers otherwise. BTW, the issuance of new "endogenously collaterized" stablecoins is prohibited for 2 years under moratorium, but current are grandfathered in. Did not see a part if current "payment stablecoins" (like USDC/USDT) are grandfathered in or not-the doc it too long. Maybe someone else can pinpoint this part.
Obviously, Wall Street wants to "play" with stablecoins, but, personally, I don't see much need for them now, especially when fast payment rails would be established soon. Perhaps, stablecoins is a way for banks to get back into the payments (after they were effectively cut off by the FedNow system).
Oh?
Biodom to the rescue.
April 16, 2023, 01:11:08 AM
Can't believe I'm behind gembitz in WO post count.
weeeee
weeeee
Size not be requirement just Enjoy and see brother
April 16, 2023, 01:04:09 AM
Can't believe I'm behind gembitz in WO post count.
weeeee
weeeee
April 16, 2023, 01:03:45 AM
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