Would be tough to ask donors to give an extra 100mm back, or ask politicians to sell assets during a recession-recovery, during election season for a president (who may have also been a recipient?).
Biggest losers here are the creditors of FTX, BlockFi, and other US persons who need the estate to get back as much money as they can.
Seems like donations are still a lite-immunity pass (he’s still going to jail, but not longer). Also might protect the parents from criminal liability (not civil), which gives credence to a number of ‘political immunity’ conspiracies
In this context it means:
-system is built with bearer-style assets in mind to handle liquidations without having a 'negative' balance (so instead of a margin call, onus is on the user to track prices and refill liquidity, otherwise the system liquidates the position to pay back the other market participants involved)
- Anyone can put money in this
- the smart contracts use other automated markets like AMMs (think of it like a two-way vending machine between Twix and M&M's, where one can set the price between two assets based on how many units of Twix and M&M's they put in initially, and people can trade into and out of them by putting one in, and getting the other. The people who put in both provide liquidity, and they get a portion of the trading fees.
These two-way vending machines are set up so that if someone puts a ratio of Twix/M&M's in their vending machine that doesn't match the market price, someone can just arbitrage that out so that the price matches the market. It's like finding the cheapest place to get food
Stablecoins are basically on-chain gift cards, with each token priced at about a dollar. Some (USDC, PAX, etc) have businesses you can directly redeem the stablecoins in order to get $1 sent to a bank account, and others (DAI, FRAX, UST) have more complex mechanisms to stay at or ~$1.
If you're using a chain that isn't BTC (technically you can use USDT on Omni but almost no one uses it for this), you can probably send the person a stablecoin that is priced at $1 USD.
And yes, people in Nigeria and other EMs do this every day, either for remittances, FX trading, or other reasons (reasons can be legal or illegal, i'm not supporting harm or illegal use cases but at some point we gotta recognize the 'freest' countries either still support race-based class discrimination or legalized slavery, so it's insufficient for the purposes of good faith discourse to throw pseudo mic drop rebuttals that assert legal institutions are infallible).
EDIT: and to pre-empt the "what if the stablecoin goes up to $2 or down to $0.50???" questions:
- Centralized stablecoins like USDC, PAX, etc have licensed businesses that use actual banks to store the reserves, so if anyone wants to sell me their USDC for $0.75, please do and jog on
- Decentralized stablecoins like DAI have more complex checks nad balances, and with those, unless you're a market maker or doing something that requires a non-top 3 decentralized stablecoin, it's often better to go with the ones that have been audited and/or battle tested, provided it suits your use case.
I remember having these notes ingrained into my brain in middle school; at Ithaca, I didn't know a single person who actively used Cornell notes for note taking. That said, actively engaging and re-engaging with content will help you build better internal bodies of knowledge on the subject, so you'll retain the content long after prelims and finals.
Same here. Ithaca schools are just soooo proud of the Cornell note taking system they taught it to us as if it was eternal and essential, but ultimately useless, just like cursive.
I also went to Cornell and never saw it used or mentioned once.
I remember those back in middle school. My history teacher beat on us relentlessly to do them, to the point of having large stacks of paper with lines down the middle in the room and handing out bundles of the same at regular intervals. No one did it unless she was checking for a grade, which was infrequent. I did well in the class, and neither I nor the other A students took notes this way. Just sometimes wrote in the margins like normal people, or underlined something important, then put these into separate documents. Having a sheet of the synthesized "metadata" (dates, contextual bits, etc.) was much more useful than having to page through to get at the information.
The address bar in Chrome shows both the string as a potential search, and URLs in recent history/tabs with that string. Why wouldn't a Handshake-supporting browser do something similar?
This is not a crowdfunding platform. We are more like a service, provides access to a huge list of investors. This saves a lot of money and time for entrepreneurs and founders in finding a suitable candidate.
Gold is at best Okay. There is a common belief that gold is a good conductor, but it has too high resistance. Look at the table https://en.wikipedia.org/wiki/Electrical_resistivity_and_con... gold is 5 on the list, well behind copper (which is what we use), and only barely ahead of aluminum.
Biggest losers here are the creditors of FTX, BlockFi, and other US persons who need the estate to get back as much money as they can.
Seems like donations are still a lite-immunity pass (he’s still going to jail, but not longer). Also might protect the parents from criminal liability (not civil), which gives credence to a number of ‘political immunity’ conspiracies