All the people slamming on this didn't read the article, because once you get right here... you realize this technology has the potential to be therapeutic.
The concept of closure is really tough for psychologists.

Nobody will ever tell you what you to hear, or do what you need someone to do, because it's not outside of you.

This is better than talk therapy or drugs, and as its generative it always eventually homes in on the need.
It's not a "black mirror".

It's just a mirror.

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More from @BryceWeiner

24 Jul
SEC vs Ripple Labs had a fun twist.

The judge said Hinman can be deposed as a function of the decision making process at the SEC being opaque.

This will 100% backfire on Ripple tho because getting into why XRP isn't like BTC or ETH.. is the case, itself

bloomberg.com/news/articles/…
XRP derp lawyer: "Sir, how did you determine that BTC and ETH are not securities?"

Hinman: "Well, we studied the networks and you can mint your own tokens. All XRP on the market comes from a sale from Ripple."

XRP derp lawyer: "..."
XRP derp lawyer recovers: "But ETH was an ICO, was it not?"

Hinman: "Yes, but it ended 6 years ago. The ongoing XRP ICO is Ripple's only source of income."

XRP derp lawyer: "..."
Read 19 tweets
24 Jul
So let's have some fun, shall we?

Keep in mind I'm the guy that's been journaling all of this with a narrative that hasn't ever changed.

First: black hole
Second: filled with BTC
Now: the BTC has been used to buy commercial paper with a twist

But what does that mean?

A thread
The assets that WERE backing Tether aren't on the balance sheet, so Occam's Razor suggests they were used to buy the assets that are now present.

"Chinese commercial paper" is basically a bond on their over heated real estate market. Commercial paper usually has a 12 mo term.
I firmly believe that USDT was fully backed in '19, filling the hole left by Interpol seizing funds.

But as of January they had to report to SDNY. Coins as backing would have been a no-no cuz of the circular value proposition.

The coins had to be converted to something else.
Read 22 tweets
23 Jul
Hai Phút Hơn (By KAIZ)
If you don't recognize this and laugh you're out of touch.
That's just how it is I don't make the rules.
Read 4 tweets
23 Jul
Oh fuck no
For the love of...

... fine. I'll just install the damn thing now.
xcode-select --install
Read 4 tweets
23 Jul
Only the slightest bit of research reveals it's a bank holding the bulk of Evergrande's notes.

They have $32B outstanding.

Even if Tether holds some, it's certainly not all of it.
As of a couple of days ago Evergrande is reporting most of the notes as repaid, as well.

bloomberg.com/news/articles/…
Oh look... the big better on Evergrande is real estate developer Orient Holdings Ltd

orientholdings.com
Read 6 tweets

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