The problem is liquidity. If in some fantasy situation there was a run on tether, tether would go to 0 because their investments can't be converted into USD without tanking the price of those investments
Luckily for the crypto people, Tether makes it near impossible to turn their fantasy money into real money
Tether could gate redemptions at a pace that would preserve value of the underlying sovereign debt requiring liquidation, due to no immediate redemption regulatory requirements. Take a number and wait your turn while the treasuries are sold into the market, essentially.
I think the point was more that even if you're on a coast a lot of other problems are more likely to impact you first: higher energy and more frequent hurricanes, insurance, costs, etc.
It's not as a-vs-b as this. Rising sea levels will increase the damage of those more frequent hurricanes long before one's house falls into the sea. And that increases insurance costs, and so on. The whole thing is a single system with a giant feedback loop.
Or say, a country bordering Bangladesh. Sea rise of 1 meter would inundate 10% of Bangladesh, a country of 170M in 150,000 sq miles. I suspect a refugee crisis in Bangladesh would end in genocide…
I mean, I can tell you why. It's not feasible if it costs too much. If it makes sense (i.e. the land is worth X and cost of a wall is some fraction of X that people can afford) people will do it.
This is simply not true. BTW I was a bitcoin core developer for many years, and am one of the few people who have actually changed bitcoin’s consensus rules.
If a quorum of miners decide to run hard fork changes, then they just disappear from the network once the changes trigger. No miner can force a user to change their consensus rules.
A soft fork is different. But increasing the bitcoin issuance can never be a soft fork.
I don't know but news like this keeps trickling out.
This feels like when I read that the earth had already passed 1.5 degrees warming (the Paris agreement goal to limit cooling by), we just haven't had it as a 10 year average yet.
Thanks Trump. Now a sector that contributes 3% to global warming will continue to pollute. Scuppered 10 years of negotiations just like that. What a legacy.
People are adults and can be willing to take chances on anecdotes instead of waiting 30 years for science to maybe fund some studies that end up just as murky
My friend had a kid with a bad eczema. She tried everything. Desperate, she took her to one of these charlatans. He asked the girl to stand on a copper plate. After a few days the eczema disappeared. Now my friend totally believes in all this stuff.
It's probably the stopping of other treatments that fixed it. I had bad eczema and psoriasis. It stopped (after weeks) after I stopped treating it with random creams and taking cool showers. I later found out that the culprit was lidocaine.
Also copper is biocidal, so maybe there's something there.
I have small amounts of eczema on unfortunate spots. It comes and goes usually based on stress and inflammation. Been dealing with it for decades. It stinks.
I’m half tempted to buy myself a copper plate to stand on.
I mean, if I didn’t have anything else I was trying that could plausibly explain it, that’d be really hard to resist accepting as the cause. Totally understand it.
It’s hard to internalize we see permanent and seemingly arbitrary changes from things like hormone levels. The last teen pimple for example isn’t noticeable in the moment as the last teen pimple because you don’t know the future etc etc.
We still don't understand the placebo effect. But definitely better to accept it's a thing and move on than believe grifters actually know what they're talking about.
The placebo effect is unlikely to be important here.
Hormonal changes mean people have permanent differences in their skin at specific points in time. Eczema is known to respond more cyclically with menstrual cycles, which is a lot easier to correlate.
Luckily for the crypto people, Tether makes it near impossible to turn their fantasy money into real money