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Mic Drop

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Everything posted by Mic Drop

  1. Via @allyversprille (Bloomberg) on Twitter, waiting on full article. Edit: full article here Treasury’s letter to Senators today expressed “ancillary parties who cannot get access to information that is useful to the IRS are not intended to be captured by the reporting requirements for brokers...” Huge news for those of us concerned about the language of the US infrastructure bill passed earlier this year. Pretty common sense stuff here, but you never know when it comes to the Treasury and IRS.
  2. VIDEO clip: https://gettr.com/post/psr17gf987 What you need to know: - In June 1985, then-President Ronald Reagan nominated William Bradford Reynolds to be associate attorney general of the United States - Joe Biden, who was a senator at the time, spoke about a court ruling concerning a Louisiana redistricting plan approved by Reynolds that was criticized for being biased against Black residents, Reuters reports - Biden read out parts of a memo addressed to Reynolds that contained racial slurs, Snopes reports "Biden was wielding the quote with the racist slur as evidence against Reynolds’ fitness for the position." — PolitiFact
  3. Or maybe we should start calling it the "crypto bowl"? 😉
  4. If money talks, then Bitcoin sings

  5. The idea of a CBDC as part of a 'Great Reset' is absurd. If you are going to have a reset, are you going to trust someone who has just collapsed their own currency and replaced it with a new one? The problem is not the currency. It's the complete lack of full faith and credit in the issuer.
  6. 12:15 Not a good idea to store a potato on plastic as it tends to rot fast where it sits on the plastic. They need more exposure to air.
  7. Check the details out for yourself http://911blogger.com/news/2013-12-08/how-debunk-wtc-thermite
  8. Yesterday, the Wormhole bridge one of Solana's biggest bridges lost $320m in a hack. Within hours, a trading desk Jump Capital agreed to replenish the entire amount so that the liquidations calamity is avoided. The loss of the peg due to the hack could have sent the network into cascading liquidations arising out of leveraged positions. In stepped a VC to save the day. The fact that VCs are ready to cover these kind of losses shows that the entire Solana "ecosystem" is just one big sham propped up by these same VCs. They dont want their baby to die just yet. Apparently Jump Capital owns a significant stake in Wormhole and is ready to sink such a huge amount to cover losses. In Solana, the top 1.34% of addresses owns 99% of the circulating supply. Most of the supply was sold to early VCs and insiders at a massive discount to retail. Insiders and bad actors like Chamath have publicly joked about using Solana as a vehicle to play their pumps and dumps out, leaving retail to hold the bags when the sham unfolds. VCs dont just sink in $300m to save the day, unless they have already taken out 50x that amount - that is what Solana has enabled them to do already. So a buncha SOL Shills be like hurr durr even ehtirium had hacks and was saved by fork. Well the DAO hack was solved by cryptography solutions (forking), not by VCs stepping into save the day. If you think both are the same, you clearly understand NOTHING about crypto whatsoever. The DAO hack and the hard fork took over a month to assess, propose solutions and resolve. It wasnt an overnight fix, like what solana is known for. When Solana goes down - over night fix. When bridge hacked? - overnight fix. How long will Solana depend on overnight fixes to bail the network out? Edit: The mental gymnastics of SOlshills is just incredible. They have clearly consumed all the kool aid in the world to be supportive of this kind of institution manipulation. Yes, other projects also have VCs, and Eth projects have also been hacked. Yet none of the ETH projects have been bailed out in this manner by VCs and institutions. I have been extremely critical of ETH too. There is virtually a hack a day on Eth due to poor code or implementation or bugs, but none of the ETH project hacks have been "replenished" by institutions. If an ETH projects gets hacked and people lose money, well you are shit out of luck. As evidenced by hundreds of hacks and scams before. The first major Solana hack, and less than 24 hours later the institutions propping up solana claim they are bailing everyone out. If this is not the least bit suspicious to you, then you are just being slow boiled alive. Solana itself is a long term pump and dump that is devoid of any decentralisation and fundamentals except a bunch of whales propping it up. The tokenomics of every single Solana "ecosystem" project is puke worthy - from Serum to Raydium, Bonfida, Saber etc all have massive supply in the hands of a few, an incredibly high FDV and a low float and funny unlock mechanisms - perfect conditions for institutions to keep dumping on hapless retail investors like the ones supporting Solana in the comments here who dont understand anything about crypto or finance. - https://www.reddit.com/user/Set1Less/
  9. The Lockheed Martin Sikorsky-Boeing team completed mission profile flight tests for the Army's Future Long-Range Assault Aircraft (FLRAA) competition. "We fully demonstrated Defiant's ability to execute the FLRAA mission profile by flying 236 knots in level flight, then reducing thrust on the propulsor to rapidly decelerate as we approached the confined, and unimproved, landing zone," said Bill Fell, Defiant chief flight test pilot at Sikorsky and a retired U.S. Army Master aviator. A YouTube video released by "Team Defiant," dated Jan. 18, shows the helicopter flying at low-altitude operations in a wooded area at low-level speeds. It will fly soldiers and cargo into battle at more than double the speed of the Army's current helicopters. Defiant is competing with the Bell V-280 Valor tiltrotor aircraft for the FLRAA program. By the end of the decade, one of these high-tech helicopters could replace the Army's convention helicopters, like the Sikorsky UH-60 Black Hawk.
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