Castanza

- 80% of Bitcoin purchases are with Tether. https://coinlib.io/coin/BTC/Bitcoin - Tether headquarters in the Virgin Islands. - 3.87% cash on hand with a market cap of almost 60B?! https://tether.to/wp-content/uploads/2021/05/tether-march-31-2021-reserves-breakdown.pdf - Where are the reserves? What happens if people withdraw for fiat? Further info: - Tether is BANNED in New York by the attorney general because they misrepresented their 1 to 1 claim of tether to USD. https://financefeeds.com/new-york-crypto-either-play-rules-will-shut/#:~:text=The Attorney General Office has,in reserve at all times. - Here is some insight into the structure of Tether. http://media.kalzumeus.com/tether-docs/bitfinex-response-to-nyag.pdf Point 31 "In February 2019, well before the line of credit transaction closed, Tether updated the disclosures on its website to specify that its reserves “may include other assets and receivables from loans made by Tether to third parties, which may include affiliated entities.” (Ex. B, at 6 (Item 1.1.32).) The website also made clear that that risks in buying tether included risks associated with the reserves: “Assets backing digital assets such as Tether Tokens, including loan receivables owed to Tether, are subject to the risk of default, insolvency, inability to collect, and illiquidity.” (Ex. C, at 2 (Item 7).)" Tether tried to avoid being audited and "dissolved" their relationship. https://www.coindesk.com/tether-confirms-relationship-auditor-dissolved Quite a few people covering this topic https://www.youtube.com/watch?v=jFp86n7QCf0 On Ransomware:

Inflation is already here

In a way this sort of legitimized crypto from a governmental standpoint though. As Spek pointed out this is alrady a thing with cash. And technically it's only Businesses that need to report these transactions over 10k. Just playing devils advocate

Like a tip jar?

https://media.ford.com/content/fordmedia/fna/us/en/news/2021/05/19/all-electric-ford-f-150-lightning.html I think this will crush the cyber truck in sales. I thought it looked pretty impressive and at face value it seems like something I would want to own (pending the charging situation) Did Ford actually do something right?

Are there risks to bitcoin due to not knowing who created it? Or is this risk somehow limited due to its characteristics? I can't imagine investing in a company if you had no idea who founded it and who the management team is.

Binance refusing withdraws of Ethereum due to "congestion" Coinbase is having issues and reporting outages

Added a little MSGS today (Knicks finally made the playoff)

They wouldn’t have to completely kill it to all but destroy the market for it. Executive Order 6102 was basically a ban on gold. Pretty much all production of gold coins and bullion owned by average folks ceased immediately. It had heavy fines and prison time if it wasn’t turned in. I think with crypto the exchanges would be targeted. How many people are going to go out of their way to buy crypto if the exchanges are not allowed to sell it? My guess is not many. And even fewer would take the risk of going to some sketchy website. Banks and financial institutions could also prevent payments on specific platforms. That’s kind of the crux with crypto right now. You can’t pay cash for it in any efficient manner. Are crypto ATMs still a thing? Cryptos entire thesis hinges on mass adoption and an expansive network. Yeah, no prohibition has ever truly worked.

What is your best bear thesis for crypto? Personally I think it's government. I don't think there is a chance in Hell that they stand by and watch their currency erode due to some "decentralized" currency.

I don't disagree and I'm not saying Saylor isn't an intelligent individual. There is just so much emotion behind crypto that it completely clouds the objective thesis. Do your personal gains cloud your view of crypto?

Michael Saylor always sounds completely insane to me. He's like the Jim Jones of crypto. "Bitcoin is a swarm of cyber hornets serving the goddess of wisdom, feeding on the fire of truth, exponentially growing even smarter, faster and stronger behind a wall of encrypted energy" - Saylor

Congrats that's badass

Anyone have a take on the "energy consumption" issue with BTC? Potential fixes or perhaps some good resources to share? Seems to be a lot of noise around it after that Elon tweet

GRBK

Fundamentals?

Looks like the issued a statement on it.

IDN. APTS

Both surprised and not surprised. What makes them worse than other designs? As shown above in my post, pretty much every treadmill has an open back like that.

First NFT auction is today. Honestly, I don’t understand the appeal to NFT but we’ll see.

Small spec positions in IDN and PLBY thanks @wabuffoand @Jmac42600 Edit: a little more ATCO before earnings....?

Makes sense since all these young people view investing as income generation in the current. By a r/wsb backed YOLO option on Thursday for $10, sell it on Friday for $25 spend it on booze and worry about taxes later! The terms "retirement and nest egg" are few and far between on the r/wsb sub. Doesn't really change much though. Everyone should have access and should be allowed to do what they want. Just a new way to play the game imo. Penny Stocks have been accessible to people for a long time.

https://seekingalpha.com/article/4419180-pure-cycle-top-idea-biggest-position There is some solid info in the comments provided by Bill Cunningham

I still don’t believe that people will want to sit at public charging stations for hours. Batter swap is by far the quickest, but the infrastructure and standardization (batter type) is nowhere close to being on the radar to be an effective replacement for gas vehicles. NIO is probably the most effective at this, but the time it’s still limited to only NIO owners and the swap stations are still one vehicle at a time with maybe 10 minutes to swap. swap in cities, level 2 charge in suburbs? Seems like the only logical path forward tbh.

“Any real world changes” lol talk about leaving the door wide open