I hate to say this out loud but I keep going back to some particular episodes to help me nod off when insomnia grips. I'm not sure I know how the episode on the gold standard ends and I must have listened to it more than 10 timss.
They don't have to stick the entire $80bn in one bank.
It is the lack of transparency around the CP that is raising eyebrows. Why can't Tether list the papers they are invested in? It is such a simple thing to do.
Could be all their CP holdings are in one company :)
The 1% analog is redundancy in traditional currencies. Outside the developed economies a huge chuck of transactions is still done with physical cash.
I imagine it would be a lot more convenient to have some hard currency at hand when fleeing a conflict zone. One might need to bribe border guards at some remote location with unreliable (or non-existent) internet connection, to get to safety.
I wouldn't say NFTs are money laundering - there are some interesting use cases. But the setup of NFT makes it easy for say a drug dealer to conduct business on the blockchain and launder earnings by selling "digital art" to his customers.
I use the lombok plugin with IntelliJ, it eliminates tedious parts of some code.
Some times one needs to create new objects return multiple related items from a function. Or use a collection or array. I think it is unnecessary. Other languages (e.g. go or python) have had this for a while now. I taking a wild guess here LISP probably had it since the 1970s.
Could an existing exchange like say ICE or CME jump into the fray to service institutional investors? They already have much of the infrastructure to handle much larger trading flows than Coinbase. Talent/tech required to compete could be aqui-hired
This valuation is insane. $100 billion for a company that is doing approx $2 billion in annual revenues.
I know that investors are pricing in future earnings potential - but this valuation seems like drinking too much Kool Aid to me.
Competition will change Coinbase's future profitability. Coinbase cannot get away with charging such high commissions/fees for much longer. The entry barriers to setting up crypto exchanges aren't that high. There are plenty of opportunities for people to step with the single USP of lower fees/commissions than Coinbase.