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Perhaps this can be partially explained by measurements becoming more precise over time?


The abstract, which is only 4 sentences long, explains that they considered this and dismissed it as unlikely.


They addressed this and suggest precision is not the problem.


Very cool! I'm shocked at how much harder it is to be anonymous online today than it was only a few years ago. This is much needed.


Well, at least the author showcases their bias in the first sentences.


I'd be interested if you think there's anywhere I make a strong claim without appropriately strong evidence. There are a lot of strong claims, but I'm justifiably confident of them. Many of them are cited inline.


It is more about the general "conspiracy" tone of the article. It is like "OMG banks can create money, what a conspiracy" by some people who are surprised by the facts on how financial system works when they finally learn some basics.

There is strong demand for any kind of vehicle which allows transferring value digitally outside of the traditional banking system. I don't think tether users trust tether because they advertise on their website that it is "backed", but more because they have strong need for something like it and there are no alternatives.

Of course the huge demand has been spotted by many others and now there are loads of these "stablecoins". Some are more regulated and might take quickly over if feds decide to stop tether.


“I trust it because I need it and there are no alternatives” is not a compelling argument. It’s literal wishful thinking.


Trust is not binary.


There is strong demand for any kind of vehicle which allows transferring value digitally outside of the traditional banking system.

Crypto supporters have been saying this for a decade, but outside of money laundering, drug sales, and hodle profiteering, no such demand has been shown to exist.

Of course the huge demand has been spotted by many others and now there are loads of these "stablecoins". Some are more regulated and might take quickly over if feds decide to stop tether.

If the "feds" go after tether, they will also go after the alternative stablecoins.


Debatable whether the feds would go after the competing stablecoins, but depending on the logic for the prosecutions/seizures, there are outcomes where they're economically inviable.

e.g. If Tether gets shut down because of fraudulent misuse of reserves, then the government might be OK with some aboveboard execution. If on the other hand they get shut down for money laundering via tether, well, stablecoins exist to enable that, and if they can't enable that they likely don't have a use case large enough to support the engineering/operational teams required to run them.


> no such demand has been shown to exist.

The success of companies like Square or Venmo show there is huge demand for an easy way to send money around.

You will say that they are inside the traditional banking system, and that is true. But when using them it feels like they are not.


Ok, but if we have Square and Venmo, why do we need Bitcoin and Tether?


Yes if you exclude the primary uses of something, you will struggle to see a use for it. That's obvious.


You’re clearly biased when you claim without evidence that the primary purpose of bitcoin is speculation.


Evian is best spelled backwards.. ;)


Any version of this sans paywall?



They are using what few tools they have left to re-flate before the recession so yea, it wouldn't surprise me.


What recession?


Alot of indicators like freight shipping and numerous other signals are starting to rollover, indicating that we're in for a cyclical recession. Furthermore, we've been in the longest bull market (well 2nd longest) ever seen. Experts say it should occur before June 2020 (if they had to put a date on it).


Yeah, I also think there will be any recession anytime soon. Maybe in five to six years...


Would this be applicable for better stealth tech?


stealth is mostly about radar reflection rather than visible spectrum. Stealth tech already uses various RAM (radar-absorbent materials) that operate on similar principles and have varying degrees of durability. But if you want to mess with people's perception this is great (maybe an urban combat or navy seal type work?)


Probably better off painting it with zebra stripes like they did in WWI to throw off torpedo targeting.


It would almost certainly make it more difficult to detect with LIDAR systems.


> ce, instructors expect students to be se

Can confirm, I was a shit student until around 25 or 26 years old.


Bitcoin and gold imo, in addition to a balanced portfolio of stocks, bonds and real estate.


> Bitcoin and gold imo

Bitcoin makes zero sense as an investment. Doubly so during a recession.


On that second point, we don't know that yet. It didn't exist during the last recession, so it's still a guess as to what'll happen.


Aside from buying physical gold at a refinery, is there a place to buy gold from the equities market? Sorry if this question sounds naive/ridiculous. If it's in my country, people would go to gold/jewelry shops and buy gold. In the US, I'm not sure if it's the case. Thank you.


Check out gold ETF's. They hold the physical gold so you don't have to, you just buy a stake in the physical assets. The ETF prices will vary depending on the specific ETF, but you can find ones that track very closely.


You can buy a Gold ETF such as GLD: https://www.spdrgoldshares.com/


buy bitcoin, gold, and long term bonds


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