FuckyWucky

book fans be like: flipping pages

Market mindset issue. The Government can set the price at $420/kW if it wants to by nationalizing the entire industry. Then you get Chinese imports and your own local production.

Any socialist (or even a social democratic) country would love to have another country accept their own currency for real goods because it's basically a resource transfer.

But yeah under "free" market, China wins and your country can suffer deindustrialization.

They will vibe code some css. Hopefully it's just the aesthetic part of the front end.

GTA IV internet is just

They are not wrong, see. That said, for all the lip service by the west around human rights violations by Sri Lanka, they basically did nothing and continued commercial trade with them.

https://xcancel.com/naftalibennett/status/1992332782220304488

Naftali Bennett is not happy with Netanyahu posting that Jacobin article.

I agree, I want all the billionaire stock/bank accounts frozen instead. Then throw them in jail.

Converting between USD and BTC directly will get you into issues with AML/KYC, it also has fees (2-5% for cards, bank transfers are cheaper but take time). So, USDT works in between since there are no controls in transfers as long as you own the wallet. Direct USD BTC trade is also much more visible in the banking system, so cops can ask your bank for statements and see you are sending back and forth money to an exchange or random strangers (in case of P2P exchanges). USDT can be tracked too since there is always a ramp between fiat and crypto but it's more difficult, more so if you use physical cash for P2P trading.

Internationally, why would I hold a cryptocurrency pegged to USD when I can just hold local currency (especially as the USD slides)?

If you are in a third world country, your currency weakens as U.S. economy collapses due to dependencies on capital/trade flows.

Countries which have currencies with tight capital controls cannot have a stablecoin, at least one that is directly pegged to the respective currency.

Tether works because Tether Inc. is the issuer, all the Tethers you buy in the secondary market like Binance only has secondary liquidity and isn't convertible to Dollars (ie you can't take it to Tether Inc for Dollars in your actual bank account), they have various checks and requirements for being a participant, only then you can convert.

Meanwhile, if a Tether Inc like entity tried to setup a similar entity in say, India pegged to Indian Rupee (INRT) they'll fail, since the Indian Government can just freeze their bank accounts for violating capital controls and money laundering regulations. This will cause the INRT prices in secondary markets to crash.

Ofc, no country with capital controls would want just anyone to be able to hold their currency equivalents without checking the owner of the wallet.

I think USDT trading volume may go down as bitcoin crashes but there will always be demand for it, its where all cryptobros run to whenever trying to cut risk.

Gotta love how correlated Bitcoin and NASDAQ-100 are. "inflation hedge".

Chapter 1: Giving people money to help them pay down their debt during COVID is bad.

Chapter 2: Being anti-deregulation of the financial sector means you are a luddite.

I know it's AI but "what is this diddy blud doing" is

I think they do care about American resources going to a foreign state, even if they don't care Palestinians that much.

I think stimulus is definitely worth it, given that the alternative is a likely recession (afaik their economy already shrunk last quarter everywhere except for the Govt consumption countering it) which is also not good for the Yen exchange rate. Capitalist hoarding of wealth is the biggest issue, really draining investment rate, Govt should take over at least a bit.

Matthew Yglesias be like:

For once the internet is down while I am awake.