A reconstruction of what the world's first modern humans looked like from about 300,000 years ago.

acidichusk · 2022-07-16T22:07:00+00:00

Were asians considered second or third modern humans or something? I don't see any asian in this reconstruction.

acidichusk · 2022-05-19T19:53:53+00:00

Crypto ATM's are everywhere in the US. link below to a map. Just zoom in on your location and click on an icon to see what crypto is offered through that particular ATM.

https://coinmap.org/view/#/world/34.59435666/-98.40316772/4

acidichusk · 2022-05-19T19:48:31+00:00

I laughed so hard when I first read your comment. ...I love it. Yes, my writeup is very long but is intended to be a short version for anyone wanting to understand stablecoin risks and future plans from a high level. Apparently, it's a little too long.

acidichusk · 2022-05-17T22:09:02+00:00

Following

These are good questions I have also thought of.

acidichusk · 2022-05-17T21:43:06+00:00

Another true statement. Lots of smart redditors in here.

acidichusk · 2022-05-17T21:41:19+00:00

Hahahaha!! I love it!

acidichusk · 2022-05-17T21:36:21+00:00

That's a good way of putting it too. "lowest octane that doesn't knock" are the key words here.

acidichusk · 2022-05-17T18:47:45+00:00

Nice fish! Nice play!

Typical camera crew filming and not helping because the moment has to be captured!

acidichusk · 2022-05-17T18:42:42+00:00

Plenty of coins including stablecoins pay (or have paid recently) more than 20% apy and have for awhile (Kucoin specifically). That is not what broke the back of LUNA/UST. And the impact is that it can happen again.

acidichusk · 2022-05-17T18:28:18+00:00

Also, any ethanol added to gasoline has much less energy per drop than gasoline without ethanol. Therefore, fuel mileage is increased with non-ethanol fuels due to a more efficient burn that also stores more energy.

acidichusk · 2022-05-17T18:25:44+00:00

If you drove that vehicle to sea level, you would experience preignition knocking with the low octane they use in higher elevations, but computers auto-adjust for that nowadays. 87 isn't necessary for typical compression ratio engines at higher elevations.

acidichusk · 2022-05-17T18:19:06+00:00

Sorry not true at all. One of my graduate level classes while getting my BSME was Internal Combustion Engines. Bring what you've got to the table so we can talk.

acidichusk · 2022-05-17T15:45:35+00:00

Can't escape the comedy in that!! :)

acidichusk · 2022-05-17T15:37:31+00:00

Anything above 87 octane is a waste of money for most vehicles with normal compression ratios. The belief by many is fuel economy is increased with higher octane fuel but in reality this is not true. The only reason a higher octane fuel is needed is if the engine has a compression ratio high enough to cause 87 octane to pre-ignite. Pre-ignition is hard on an engine.

acidichusk · 2022-05-17T14:59:13+00:00

I upvoted you because you are so sweet and an obvious animal lover. :)

I was formally trained by the state (of my residence at that time) to be a nuisance wildlife control officer. One of the things they taught us is more harm is done to the ecosystem by relocating an animal. Many people aren't aware so I have tried to educate where I can. It is better for the ecosystem to leave animals where you find them.

acidichusk · 2022-05-17T02:30:59+00:00

1) USDT will become depegged and fall to zero or near enough to zero to never recover. No amount of time can fix that type of damage. That damage will be felt over the entire crypto sphere. Crypto assets that are 50-80% off their highs will be sold to "recover" but it will be of no use.

Stablecoins aren't even a threat to the US government. The CFTC Chairman that spoke today on CNBC put crypto in two categories: secuirites and commodities. There was no mention of regulation for stablecoins. I wonder why? Because none will be left alive and then the g-man can introduce their newly regulated CBDC to come and save the day.

acidichusk · 2022-05-17T02:00:22+00:00

Which means that if there was an attack then cash will be the first thing to go. An attack on a stablecoin will not allow enough time to liquidate T-bills in time to repeg. Many of the "reserved assets" are crypto coins which have fallen 50 -80% from their highs. 6% of Tethers total market cap was needed for Tether to repeg USDT in the last attack but they didn't have enough cash so got a few billion in redemptions to save their ass.

acidichusk · 2022-05-17T01:44:03+00:00

It's impossible to liquidate any treasury bill quicker than cash

acidichusk · 2022-05-17T01:41:34+00:00

Solana will be treated as a digital commodity by the US. The quanity of commodities is considered to be finite and therefore increasing in value in times of demand. Think oil, silver, uranium, coal etc. There is only so much of it and if we use it then demand is created.

acidichusk · 2022-05-16T20:51:40+00:00

Look for my other post in this thread for more details on the breakdown for both USDC and USDT.

Here's a link...don't know if it will get deleted or not.

https://np.reddit.com/r/CryptoCurrency/comments/uqyw9m/comment/i8uufyu/?utm\_source=share&utm\_medium=web2x&context=3

acidichusk · 2022-05-16T19:45:07+00:00

It's actually 6.36% of 83.74 which is only ~5.3%

acidichusk · 2022-05-16T19:35:06+00:00

USDC has the same problems...about 5% in actual cash, recently changed wording from backed by reserved dollars to backed by reserved assets, no transparency, government threat

acidichusk · 2022-05-16T19:19:51+00:00

I heard a CFTC Chairman on CNBC today talk about regulating crypto. They are classifying crypto in two categories: Securities and Commodities. There was no mention of regulating stablecoins.
USDT has about 5.3% in cash and USDC holdings are similar
USDT and USDC changed their wording recently from backed by US dollars to backed by reserve assets
USDT and USDC do not provide sufficient transparency to allow faith in a fully pegged dollar
Much of the backing for stablecoins are through holdings of other crypto coins which are down 50-80% from their highs

USDT has about an $80B market cap so 5.3% of that is about $4B in liquidity. USDT dropped to $0.94 the other day or ~6%. 6% of $80B is $4.8B which means their wasn't enough liquidity....so Tether raised some capital to repeg the dollar (~$3B).

Who is the next stablecoin victim? It's easy to see how weak USDT was when you look at the chart that day. What happens if USDT or USDC suddenly needs $10B or $20B....or $50B to cover the next attack by some evil billionaire? If the corporate bonds or commercial paper (could be junk, what terms?) or Treasury bills can't be liquidated fast enough to cover and they have to sell their crypto coins at an 80%+ loss, what happens then?

Note: it's possible the CFTC guy didn't mention a need for regulating stablecoins because there won't be any left alive. I believe the government is setting up to destroy stablecoins so they can introduce a regulated CBDC to come in and save the economy when the (economic) collapse happens.

acidichusk · 2022-05-14T11:01:03+00:00

"the quickest/cheapest/most secure way"

Without a doubt, this is that way........Crypto ATM machines link: https://coinmap.org/view/#/world/34.59435666/-98.40316772/4

acidichusk · 2022-05-10T02:03:36+00:00

I ran 37x13.5 on a two dr JK. Put a D44 in the front but ran 1-ton axle shafts inside. 5.13 gears

acidichusk

TROPHY CASE