Thursday, February 23, 2023

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Cardano Rumor Rundown February 23, 2023

Hey Everyone!

Let’s go….

Newly Covered Today:

  1. The February Cardano 360 is today (Feb 23). https://www.youtube.com/watch?v=4aG06ojHyuY
  2. The Coinbase 10-K says they have outstanding subpoenas from the SEC. https://twitter.com/AP_Abacus/status/1628441057376575489
  3. The Liqwid v1 audit is complete. https://www.cnbc.com/2023/02/22/fed-minutes-february-2023-minutes-show-fed-members-resolved-to-keep-fighting-inflation.html
  4. In the class action suit against Dapper Labs (creators of CryptoKitties) alleging the NBA Top Shot Moments NFTs are securities, the court has denied the motion to dismiss. This is just the court saying that if all the factual allegations are taken as true, then there is a plausible claim for relief. This is not a ruling on the status of NFTs as securities or not. But, the judge did go through a pretty detailed analysis of Howey in the ruling which found horizontal commonality for prong 2. https://twitter.com/jeremyg2k/status/1628446270854672385
  5. Fed Meeting Minutes are here. Page 11 of the minutes notes that a few FOMC participants favored a 50 basis point hike instead of the 25 basis points we got. https://www.cnbc.com/2023/02/22/fed-minutes-february-2023-minutes-show-fed-members-resolved-to-keep-fighting-inflation.html
  6. Something mysterious is afoot at Coinbase. https://twitter.com/coinbase/status/1628444495821012997

Previously covered, but still interesting:

  1. This is actually very big progress on the mainstream exposure front for Cardano courtesy of Lex Fridman. https://www.youtube.com/watch?v=beZdNf_mO1o
  2. The UK Treasury has released its long awaited proposal for crypto regulation. Looks like they’re trying to be technology agnostic and focused on a principle of “same risk, same regulatory outcome”. https://www.gov.uk/government/consultations/future-financial-services-regulatory-regime-for-cryptoassets
  3. The Fed has hiked the federal funds rate by 0.25% bringing the target range to 4.5-4.75% This is a much smaller raise than the 0.50% in December and the four consecutive 0.75% increases just prior to that. https://www.cnbc.com/2023/02/01/fed-rate-decision-february-2023-quarter-point-hike.html
  4. Here’s a great thread from Sooraj of This Week in Cardano on the Cardano Settlement Layer (CSL) vs. Cardano Computation Layer (CCL) and Cardano Sidechains including the new Cardano Sidechain Toolkit from IOG. https://twitter.com/Soorajksaju2/status/1620564722515861505
  5. Here’s an interesting new Cardano statistics site. https://peerreview.money/
  6. Liqwid has launched on Mainnet (Feb 2). https://twitter.com/liqwidfinance/status/1621129278518890497
  7. Cardano is now arguably “DeFi feature complete” depending on your definition. https://twitter.com/cardano_whale/status/1621092500093145088
  8. Plus….Liqwid has dark mode on Day 1. Let darkness reign! https://twitter.com/liqwidfinance/status/1620985328118157313
  9. The World Mobile exhibit (fan built) in Carda Station looks pretty good. https://twitter.com/JoyeousT/status/1621225742435745793
  10. World Mobile says it’s going to increase its Youtube efforts. This will be good for visibility of a very large Cardano RealFi project. https://twitter.com/WorldMobileTeam/status/1621191509218365444
  11. Paul did a great interview with DC and Florian of Liqwid today (Feb 2). https://www.youtube.com/watch?v=K8F_f4rLipA
  12. COTI has published a Djed launch recap. https://medium.com/cotinetwork/djed-launch-recap-b5ec293e20dd
  13. Charlie Munger at 99 years old thinks we should ban Bitcoin. Also thinks the leader of the CCP is awesome. https://twitter.com/ODELL/status/1621151302838525952
  14. There is now a proposal in the Liqwid governance forum to reduce LQ token emissions. https://twitter.com/liqwidfinance/status/1621351623887917056
  15. ImperatorLang made a great thread about how to get started building on Cardano with no prior programming experience. https://twitter.com/ImperatorLang/status/1622283773759950849
  16. Shocker! VCs are not going to do what’s best for crypto communities. https://twitter.com/Dogetoshi/status/1620602151830704129
  17. Some are pointing to A16Z’s involvement in a rival bridge and calling it anti-competitive behavior. https://twitter.com/ChrisBlec/status/1622201701921964035
  18. Apparently, there is now 30 million ADA locked in the Djed contract. Not bad in the first week. https://twitter.com/DjedStablecoin/status/1622298562628407298
  19. Behold the Cardano media blackout in all its glory! https://twitter.com/cz_binance/status/1622528162499383299
  20. At Messari you can see that our recent 24h active address count is 73k (as of Feb 6). https://messari.io/asset/cardano/metrics/all
  21. Having watched Martin throughout the '90s and Bad Boys (about a million times), it's surreal & amazing to see that the content is interesting to a guy who entertained me so much. Thank you immensely! https://twitter.com/realmartymar/status/1622710686647287808
  22. Binance dot com (but not binance dot US) has announced a temporary pause of US dollar & US bank transactions. https://twitter.com/binance/status/1622669988560609293
  23. Some are linking this to issues with its banking partner, Signature. https://gizmodo.com/binance-bank-transfers-crypto-ftx-1850079035
  24. Liquid has published a summary of what’s happening with LQ tokenomics and utility. https://liqwidfinance.substack.com/p/lq-tokenomics-and-utility
  25. A very legitimate point about the stark contrast between ETH and Cardano on governance. Do you want a bunch of guys locked in a room for a week or transparent on-chain governance? https://twitter.com/StakeWithPride/status/1623064762610499586
  26. If you held all of the Cardano Summit 2021 NFTs at the Virtua snapshot in November and still haven’t grabbed your free miner bot, there is a window open right now (Feb 7). https://twitter.com/landbots_virtua/status/1623005985324380181
  27. Some in the traditional finance world already see where crypt is going. https://www.forbes.com/sites/ninabambysheva/2023/02/07/how-mastercard-goldman-sachs-and-other-tradfi-titans-are-using-blockchain-to-rewire-global-finance/
  28. Here’s the one-tweet summary of that article if you run into the paywall. https://twitter.com/Blockworks_/status/1622966028299902977
  29. Artifact Moon has released their beta 3d Moon Map with the ability to buy parcels from the map. Seems beautiful and responsive. https://twitter.com/ArtifctApp/status/1623045948690800640
  30. Fed Chair Jerome Powell was interviewed at The Economic Club of Washington today. https://www.youtube.com/watch?v=kkC4LuuxOg4
  31. CoinDesk wrote an article about the activity in SundaeSwap governance. https://www.coindesk.com/tech/2023/02/08/cardano-dex-sundaeswap-floats-first-on-chain-governance-proposal/
  32. Ladies and Gentlemen, allow me to present the king of all bad crypto policies. https://twitter.com/brian_armstrong/status/1623459203150131201
  33. Unsurprisingly, the crypto crackdown that was long predicted for after the mid-term elections is also taking place via banking access (once again). https://twitter.com/AP_Abacus/status/1623346563069116417
  34. Nice try, Coin Center! The real difference is between custodial staking and non-custodial staking. https://twitter.com/NeerajKA/status/1623469303545593856
  35. Liquid protocol was temporarily paused via multisig today for a security issue fix. https://twitter.com/liqwidfinance/status/1623345076016406530
  36. The UK has released a consultation paper on plans for the Digital Pound saying “it is likely” to be needed. https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/1134845/CBDC_WEB_PDF_-_7_FEB_2023_1130am.pdf
  37. Apparently, you can now invite the public to come check out your Cardano Island Crib. https://twitter.com/VirtuaMetaverse/status/1623365199032946697
  38. Get ready for lots of Cardano essays. Twitter Blue people now have 4k characters. https://twitter.com/i/web/status/1623411400545632256
  39. Looks like Kraken was the first staking target of the SEC. https://www.sec.gov/news/press-release/2023-25
  40. Gensler released a video which very specifically described staking in terms of “escrow” or “if you transfer your tokens to a staking-as-a-service provider”. Neither of these is common in normal Cardano staking or delegating. But, it sounds a lot like the Ethereum staking world. https://twitter.com/GaryGensler/status/1623777842000539648
  41. Rumors are that other exchanges & stablecoin providers will receive letters outlining charges soon. One posted rumor is mentioning Circle (USDC) & Paxos specifically. https://twitter.com/AP_Abacus/status/1623785788725944322
  42. Here’s some wild speculation from one poster: if Circle agrees to limit/censor USDC in some way, it might lead to demands from ETH users to employ some kind of social slashing, which could cause a schism (and create fork potential) in that ecosystem. https://twitter.com/jessebabies/status/1615769704353734656
  43. Charles posted a reply to Brian Armstrong’s staking tweet that savagely highlights the regulatory problem with Ethereum’s custodial/slashing based staking. https://twitter.com/IOHK_Charles/status/1623530227870896130
  44. Charles also dropped a video explaining how (in the very worst scenario) Cardano staking could still operate via “contingent staking” even if SPOs were regulated. https://www.youtube.com/watch?v=J7y2tvpHY5w
  45. Now the SEC is going after Binance USD stablecoin issuer, Paxos. https://archive.ph/nrgeU
  46. Jessie Powell (founder of Kraken) posted “I don’t think that any minor differences matter to the SEC, which views all forms of custodial staking as problematic.” If true, this is massively bad for Ethereum and confirms the advantage in Cardano. https://twitter.com/jespow/status/1623825932011155457
  47. Here’s the actual complaint in the Kraken/SEC settlement. https://www.sec.gov/litigation/complaints/2023/comp-pr2023-25.pdf
  48. Coinbase has released a comprehensive defense against their “Earn” staking program being classified as a security under the Howey Test and vowed to fight if the SEC goes after them. While I don’t find their reasoning to be bulletproof or extremely persuasive. The value is in the commitment to fight. We need this hard line in the sand right now. https://www.coinbase.com/blog/coinbases-staking-services-are-not-securities-and-heres-why
  49. The community is predictably conflicted about the possibility of contingent staking. https://twitter.com/IOHK_Charles/status/1624937015824510976
  50. Here’s a fantastic thread by Sooraj explaining the huge innovative leap forward provided by Ouroboros Genesis for dynamic participation in proof-of-stake systems and making Cardano more secure than Ethereum or Algorand. This is by far the best explanation I’ve seen. https://twitter.com/Soorajksaju2/status/1623748877152034818
  51. FutureFest obviously understands the importance of proximity audio chat in virtual worlds. https://twitter.com/coc_space/status/1623759580017614848
  52. Congratulations to MinSwap for its highest one day volume! https://twitter.com/MinswapDEX/status/1623322182670508034
  53. And just like that….the legend of “Corando” was born. https://twitter.com/MinswapDEX/status/1623322182670508034
  54. Looks like 3D assets are live for Cardano Island cribs. https://twitter.com/k45tor/status/1623370449869541387
  55. There’s 30 million ADA now locked in the Djed contract (as of Feb 10). Update as of Feb 12: 31.5 million ADA. https://twitter.com/DjedStablecoin/status/1622298562628407298
  56. The messaging against the energy use in Bitcoin is fully ramping up now courtesy of Bloomberg and the Harold and Kumar guy. Knowing that this would happen was a part of choosing proof-of-stake and Cardano for many of us. https://twitter.com/WalkerAmerica/status/1624847319928655874
  57. Here’s the statement from Paxos on the SEC enforcement pressure. They say they will no longer issue new BUSD. https://twitter.com/PaxosGlobal/status/1625091554951004161
  58. Apparently, Circle filed a complaint regarding Binance with NYFDS last year that led NYFDS to direct Paxos to sever their relationship with Binance. https://finance.yahoo.com/finance/news/stablecoin-issuer-circle-warned-york-184748322.html
  59. Here’s Caitlin Long on why the Federal Reserve rejected the application of Custodia Bank and whether this is part of a larger attempt to strangle all of crypto by the current administration. https://twitter.com/YahooFinance/status/1625166752291119105
  60. Charles dropped a new whiteboard (actually blackboard) video on contingent staking. https://www.youtube.com/watch?v=36WUIyk0T9g
  61. Higher than expected US inflation numbers were released today (Feb 14) with the CPI up 6.4% from a year ago. https://www.cnbc.com/2023/02/14/consumer-price-index-january-2023-.html
  62. Looks like the Cardano Island Condos will be opening tomorrow. https://twitter.com/VirtuaMetaverse/status/1625543057927028752
  63. More rumors circulating that we’ve got a lot more crypto enforcement actions coming our way to “cut off crypto in all its” forms. https://twitter.com/CGasparino/status/1625475673073635330
  64. This one is calling it a “midnight massacre” where Gensler will bring as many enforcement actions as possible before the new congress gets its bearings. https://twitter.com/EleanorTerrett/status/1623796900586573826
  65. Today the U.S. Senate Committee on Banking, Housing, and Urban Affairs held a hearing called “Crypto Crash: Why Financial System Safeguards are Needed for Digital Assets”. https://www.banking.senate.gov/hearings/crypto-crash-why-financial-system-safeguards-are-needed-for-digital-assets
  66. To counter the Dragon’s depiction of crypto as basically just a money laundering tool, Chainalysis points out that only 0.24% of crypto volume is illicit transactions. https://twitter.com/clarkcoin1/status/1625641638906277888
  67. Today was the mainnet SECP hardfork combinator event. https://twitter.com/InputOutputHK/status/1625615743470411784
  68. While I hate it as a metric, Cardano TVL is definitely looking up. https://defillama.com/chain/Cardano
  69. Operation Chokepoint 2.0 continues. https://twitter.com/jespow/status/1625887480556974081
  70. Here’s the rebuttal to the crypto custody rule from Hester Peirce. https://www.sec.gov/news/statement/peirce-statement-custody-021523
  71. Interesting thread alleging who in the current administration is pushing this attack on crypto and why. https://twitter.com/ThinkingCrypto1/status/1625621477365096449
  72. Binance expects to pay fines to settle U.S. investigations. https://www.wsj.com/articles/crypto-giant-binance-expects-to-pay-penalties-to-resolve-u-s-investigations-f1e3c9d2
  73. There are now hotkeys for Cardano Island cribs. https://twitter.com/VirtuaMetaverse/status/1626280633029869568
  74. CNFT Jungle has rolled out some new tracking features. https://twitter.com/ElRaulito_cnft/status/1626156405706170368
  75. My condolences to those of you who recently lost your AI girlfriend. Maybe all the free time is the cause of the recent price spike in ADA. https://www.vice.com/en/article/y3py9j/ai-companion-replika-erotic-roleplay-updates
  76. SEC charged Do Kwon and Terraform Labs today. https://twitter.com/SECGov/status/1626347690853376008
  77. SEC Do Kwon complaint alleges that Luna,UST, MIR, & wLuna are all securities. At this point, I think we can assume the SEC will be happy to call any crypto a security if they are trying to go after you. https://twitter.com/collins_belton/status/1626345152892526592
  78. The Do Kwon complaint brought us a lot of scary firsts. https://twitter.com/lex_node/status/1626344391248936965
  79. SundaeSwap governance has concluded its first proposal. https://twitter.com/SundaeSwap/status/1627459486632779776
  80. Even Forbes is reporting on the SEC expansion of powers under the Do Kwon complaint. https://www.forbes.com/sites/digital-assets/2023/02/17/sec-claims-new-turf-in-lawsuit-against-terrausd-stablecoin-creator/?sh=3a9610577a88
  81. Apparently, state legislators have complete disregard for the way blockchains actually work. https://twitter.com/0xfoobar/status/1627446585582919681
  82. Caitlin long revealed that she handed over evidence of one of the big crypto frauds long before that company imploded. https://twitter.com/CaitlinLong_/status/1626661344316473346
  83. One of the most comforting things in this crypto bear market is knowing that our Cardano metaverse projects are building out virtual worlds for us in the background. https://twitter.com/Pavia_io/status/1627689345283944448
  84. Charles dropped a Voltaire video. https://www.youtube.com/watch?v=4wzsLeU2u0E
  85. So, Bitcoin Devs patched a vulnerability in 2018 and kept it secret until 2020? https://twitter.com/pcaversaccio/status/1627631035017052163
  86. Rumors that Grayscale may win its case against the SEC to become a spot ETF. https://twitter.com/AP_Abacus/status/1627737116888166400
  87. The big contingent staking debate with Charles went down. https://twitter.com/IOHK_Charles/status/1628115203182190594
  88. CardaStation now has audio chat. This is a big step forward for Cardano metaverse projects. https://twitter.com/Carda_station/status/1627868527087476738
  89. The Proof-of-Stake alliance is now trying to convince everyone that liquid staking derivatives are not securities. The ETH world seems very worried about the possibility of SEC action against LIDO et al. https://twitter.com/TeamPOSA/status/1628017928405762053
  90. Djed says changes to minimums and fees coming soon. https://twitter.com/DjedStablecoin/status/1628116084229558272
  91. Report: only 1.6% of remittances in El Salvador use Bitcoin while ⅓ of Latin Americans have used stable coins. https://twitter.com/paddi_hansen/status/1628002503932657664

~Army of Spies


Wednesday, February 22, 2023

Cardano Daily Discussion - February 23, 2023

Hello everyone,

Welcome to the Cardano Daily Discussion!

The standard sub rules apply here (see sidebar), with the exception that price discussion is allowed in this thread, though we encourage you to try not to make this the focus and talk about the project itself. Please ask questions, help others and be civil - be sure to get involved in Project Catalyst too!

If you're new, please make sure you're read through the newbies guide and share it with others (use the ?newbies comment command to reference it).

⚠️ Scam Warning ⚠️

Please read the Cybersecurity guidelines for Cardano Users.

There are ongoing giveaway scams on youtube and many scammers lurking in Cardano's social channels impersonating ambassadors/moderators/official staff contacting users via direct messages.

For example, searching 'cardano' on youtube and sorting by most recent upload date shows several giveaway scams running (all videos in screenshot are scams):

Ongoing 'giveaway' scams on Youtube

The youtube scams are automated; use stolen footage usually of Charles Hoskinson and are restreamed so to appear to be 'live'; appear to have many watchers (which are bots); use bought hacked channels and are edited to appear like official channels.

See this post for more examples of what they look like

Do not be fooled!

To be clear:

  • ⚠️ There is no such thing as a Cardano giveaway
  • ⚠️ Never share your seed phrase with ANYONE
  • ⚠️ Never send ADA to someone promising to send you more ADA back
  • ⚠️ You will never be contacted by ambassadors/moderators/staff

Please report scams on the Cardano Fraud Detection Bureau.

⚠️ Scam Warning ⚠️

https://preview.redd.it/60ofludzpq8a1.png?width=284&format=png&auto=webp&v=enabled&s=7d58fc8aaa2eb5f125624608b97bdd7b943a1111

Midnight Subreddit

In anticipation of Input Output's new data protection blockchain 'Midnight', I've managed to acquire r/Midnight through some negotiation and repurpose it for the Cardano Community (the sub was created for a card game back in 2011 but was mostly unused).

I decided to do this as I thought the project will eventually need a home on reddit and best to setup now before any scammers do. Obviously there's not much to post about on there right now as it's early days as the project is yet to be released, but if you'd like to be kept up to date on the project please feel free to join the new subreddit if the project interests you and I'll be sure to post updates as and when they become available.

Right now the sub is mostly a carbon copy of r/cardano, I've copied most of the automod and rules over, so certain aspects may seem a little incongruent atm, but I'll tailor and tweak the sub as we go. Feel free to send me or post any input if you want stuff to change.

Cheers all


HOME: How Should We Celebrate Holidays? — Abrahams Wallet

https://opentheo.com/i/7250795400066720733/home-how-should-we-celebrate-holidays

HOME: How Should We Celebrate Holidays?

*Abrahams Wallet — Abrahams Wallet *

Mark Parrett and Steven Manuel discuss the celebration of holidays (22:30): Biblical (25:00), patriotic (31:30), Christian-ish (36:00) (think Christmas and Easter), and totally UNChristian American holidays (1:01:45). There is a way to navigate each types for the good of your family. They also go into tangents about the moral implications of buying Nike sneakers (1:30), Steven’s newest credit card fetish (7:00), a USA Today article about Americans with no savings (12:00). What we know is that 1. God love...

Transcript:

We are dealing with Christians that are a mix of Gentiles coming from one tradition and Jews coming from strict observance of holidays. So you can imagine that they got into arguments about you need to be observing every day that we do. So it's the kind of argument you are hoping that we get into.

The kind of argument I am hoping we get into. What's up Boss? This is Abrahams Wallet. We span the gap between the austerity of obedience to God and the prosperity rising from faithfulness.

Run your home and your dough like a Biblical boss. Okay, hi Mark. You're just telling me something's happening with your sneakers? What's happening? Oh, it was a big shoot drop today.

Four pairs released via the sneakers app. And I am ready to get none of them. It's been a hot minute since I have copped a set of sneakers on that app.

Now, I think the golden years might be over. Let's talk real. We're among friends here.

What do you do with the ethical dilemma of supporting the Nike machine which hates God and etc. Oh man. I think it's a world dilemma that we live in.

That's true. How do you avoid brands? Yeah, that would be an interesting conversation for, I mean, we think about that even in investing. Yes.

Some people just want their money spread out everywhere and some people want their money to be specifically not put in certain places. Yeah. And we have as a financial management firm, we have strong opinions on how to approach that.

I was listening to Joe Rogan talk about if you own a bone right now, it's probably the number one thing you do to support child slavery basically. Oh wow. There's minerals in those chips that can only be pulled out with small human hands in certain parts of Africa and that's how they are.

Good grief. Done. He keeps saying, I think it would be interesting, like he keeps saying, I would pay $2,500 for a phone if I knew it was clean.

It was clean. But right now there's no such thing because it's like way, way, way back in the supply chain before Apple ever gets their hands on the stuff. It's the raw materials.

So what you're telling me is that you punt on Nike responsibility and just move it. Yeah, do you want to correct me on that? No, I'm just just calling it out for fun. But I mean, do you think I should switch to Adidas and go with the Yeezys support Kanye? It's a different kind of, that's a different kind of immorality.

Yeah, that's a great question. I mean, I'm just sitting here looking around my desk and going, what's the story behind this Samsung monitor I'm looking at? I have no idea. I just know that Nike is unlike whoever makes the teeny, tiny molecular size components in my phone because they're so outspoken that they hate men.

They hate patriarchy. They hate heterosexuality, etc. That's all.

It becomes a little onerous to deal with the company like that. Anyways, I mean, I agree that there is some similarly required cognitive dissonance that one has to engage in if you want to ever look at the Nike stiggers app. You just have to go.

I mean, I was just talking to a friend this week about what is your, how do you get TV content? And how could you possibly hope that that's a pure, you know, you're getting something pure? I don't care what you use. I stomped my feet and got rid of Netflix, I don't know, a year or two ago. Yeah, we did that too.

But you know what? Very similar programming is now on Amazon Prime. And you think, well, okay, I don't know what to do about that. Anyhow, when it comes to TV, I'm currently paying for cable.

Oh, you are because as much as this frustrates the stink out of me, it legitimately is cheaper at my house to have cable and Internet than to have just entered at the same speed. So that gets me access to some of the things. The only subscription service we pay for is Discovery Plus because my wife enjoys the home renovation shows.

But I'll tell you, even the HGTV hates us. So you can't get away from it if you want to watch the modern day version. HGTV isn't on your basic cable package.

That's surprising. Yeah, it is, I think. But Discovery Plus bunches everything into, it's actually kind of a cool assortment of, you know, Amelia being a surgeon likes to watch the really weird surgery stuff, which is weird to me because I don't.

I don't. I don't watch TV shows about financial planners to unwind at the end of a hard day of financial planning. But whatever.

Okay, that's what you were making unethical choices right before we got on. I was also on my phone made with child slave hands. I'm sorry.

But here's what I was doing. This is something I was going to hype anyways to the people. People are aware of my, well, if you're a long time listener, you're aware of.

We did an episode on credit card hacks one time. And people know about my love of the Starbucks credit card, which by the way, just this morning, I have a birthday coming up. Just this morning, I got an email from them.

Hey, because you're a Starbucks card holder. You're getting, get anything you want on your birthday. Just come on in.

Just get whatever you want. That was nice. But here's my, here's this year's credit card recommendation from me.

Okay, and it's not even really a credit card. It's a debit card. Have I talked to you about fold? No.

Okay. Get ready. I would like this to see if I can find a drum roll.

The sound effect is sticking here. Okay. I apologize as a friend.

We haven't had maybe just enough time together for me to tell you about the fold app. Okay. I want everyone to get the fold app.

So here's how the fold app works. Used. It's like a little, I don't know what it is.

It's a receptacle repository for cash. So you go get some cash. You connect it to your bank account.

You throw, say, $200 into your fold account. With your fold account, you go buy. You can do a couple of things.

You can buy gift cards. So you could buy gift cards to Chipotle or to Amazon or to Bed Bath and Beyond or to the Gap. And every time you spend fold money, what? Oh, I just have a Chipotle gift card in my hand right now.

That's, that's a providential. What are the chances that among the major leading brands in our nation, you might have one on your desk? Okay. You buy those things.

When you, I know that all you're doing is just another step for your money. Instead of going straight from your bank account to Chipotle, it's going into the fold app and into Chipotle. But when you spend this money, you get something like 2 to 5% of that money gets piled up in satts.

Fold gives you free satts for just using it. And it starts piling up a big pile. Let's remind the non-inducted what a sat is.

A sat is a teeny teeny teeny weenie teensy, teensy, teensy, teensy, teensy particle of a Bitcoin. It's a Tashi. Yeah, short, the short is satts.

If you're really, yup, you say satts. Okay. And so they will pile up satts for you for using their stuff.

And then once you have passed over 50,000 satts, then you can pull a big magic invisible lever and then, "Kush!" It will send these satts into your crypto wallet if you have one of those. You should get one of those. That's what I think.

So this morning, I just happened to have sent 52,779 satts, which in US dollars is 32 bucks. It's $32 of free Bitcoin kind of style of money that I've gathered just by using that and then you send it out. If you're real into this, like I am and you feel like these people are just wanting to encourage this practice, there's a sort of step two.

Oh, by the way, if you get the little app, spending money through their little portal isn't the only way to get satts. Every day, every 24 hours, you get to a little spin, a little digital wheel. You spin the magic wheel and you see what comes up and it's everything from 5 satts to, yes, they do give away entire Bitcoins.

But you might win 1,000 satts. You might win 10,000 satts. Every day, you can spin this wheel.

And if you want to go to step 2, they can issue you a fold card. So that's why I put this in the credit card category because I actually have a black fold card. You load it up just like a debit card and you can spend it anywhere.

It's on the Visa platform. You can spend it absolutely anywhere. Not only do you automatically get satts for spending it anywhere, but every time you use it, it doesn't matter if it's $2 for a stick-a-gum at the CVS.

You get to spin that wheel again and get yourself tons of juicy satts. Have you done the math to figure out if you're getting better returns than say a 2% cash back card would give you that you could then turn into? No. No.

So you just like the gamification? Well, I like that it's translating directly into Bitcoin. That's the fun. So that's it, the fold card.

I wanted to throw that out. Good tell then. I have a little article I found that I'd like to get your reaction to.

Okay. It's in the USA Today brand God Hating periodical that happens in America every day. A newspaper I used to really enjoy.

We were a part of that culture recently. The God Hater's. Thankfully we were saved, but let's keep that in mind.

Okay. Given how much we're talking about the God Hater's. Well, yeah, sure, sure.

Only by grace. Am I not actively part of the God Hating culture right now? You used to really love this newspaper because it was a 30,000 foot screen through America. You have to read too long or too hard to get a grasp of what's going on.

You're not getting cutting analysis. No, no, no, no, no, no. From USA Today.

That's now it's basically long headlines is what you're getting. So here's a little here's a little article. It won't be it won't be shocking to you.

But we're bringing the news to the people here it is. The headline is too many Americans financially vulnerable. Are you shocked yet? I've never even contemplated that Americans might not be prepared for, you know, all manner of financial disasters, but go ahead.

Okay. Even before the pandemic hurt the US economy. About one third of American families didn't have enough money to set aside to cope with quote a mid sized financial shock.

According to a Stanford and George Washington University study. George Washington University, your old stomping grounds. Yes, unfortunately.

Ultimately, a huge population. I'm skipping around. Ultimately, a huge population of America's diverse population is financially insecure.

And the uncertainty and turmoil of the COVID-19 pandemic have only made financial resiliency even more crucial moving forward. And I'm going to start with the study found. Here's a couple of data points of theirs.

If an unexpected need arose 27% of households in 2020 and 31% in 2018 said they would not be able to come up with $2,000 to cope with the problem. And I'm reading another bullet point in this article. Nearly half of households said they didn't have an emergency or rainy day fund that would cover expenses for three months in case of sickness, job loss, economic downturn or other emergencies.

What do you think? Well, we've talked about this many, many times on the Abrahams. I know that. I feel like what are we doing here just rehashing the things that our listeners know really well.

Hopefully are either completely not a part of or are still ahead of one because they're working to not be a part of. No, number one, are people don't swim in these waters every day like you and I do? Yep. So a little reminder is never, never amiss.

Okay. So, even if there's an old truth that makes a new headline, I think that's noteworthy for us. Somebody decided somebody in the editorial board decided this was newsworthy.

So this might be an aha for somebody and not leastly, we'll have a bunch of new listeners that have never heard us opine on this on this concept. So I'm throwing it out. We are growing like a weed.

Well, if you want me to react in a new way. Yes, I want you to react. You can react in an old way.

Let me just give you some some worldly versus Abrahamic thinking. The world would say you need to have your credit cards like, yeah, you shouldn't run those up too high if you can help it and make sure you have enough money coming in every month to cover your bills, including maybe your debt payments. We would say you should figure out exactly how much it costs to run your household for a month.

And you should have six months of that on hand. So very big difference there. And my hunch is if you, you know, we're coming upon low dove and not that long.

Three and a half months from now. Yeah. If you get it when it gets colder, you know that low dove isn't far away.

Yeah. If you, hey, check this out. Sneakers.

Success. You got some. Oh, that's so exciting.

Yeah. Now you're actually participating in the God dismantling economy. Yeah, that's true.

If you get really good at the low dove thing, you can probably stretch that six months of emergency funding to a year if you had to. Yeah. And that's a long time, a year to live with zero income.

I mean, if anybody wants to know what that's like, you can talk to someone that's a part of the Abraham's Law podcast who runs an event planning business. 2020 wasn't a great year for event planning. Turns out, yeah, true.

When the government tells you you can't have an event. Yep. But I think so there's a personal implication.

There's also something we have been just. It's been really awesome. The last six to nine months is just keep in mind that the people around you cannot weather a small emergency financially and occasionally jump in and weather the financial emergency for them.

So it's been like just a delightful giving practice that we have put our antenna up for. Is there is there something that is going to put someone else into a bad spot financially that we it wouldn't be that big of a deal for us to jump in and help with. And, you know, at my wife's work, she's run across people who are doing their best but are in this category and, you know, saying, Hey, can we do X, Y or Z for you.

You've got this need that would break your bank. And it's really not a big deal for us. That's really fun.

And it also opens all sorts of doors for relationships for the gospel. I don't think I don't think I'm saying by people's faith, but I do think we've talked so much about using money to win friends. And if somebody has a financial emergency and needs a plane ticket and cannot afford it.

And you buy them a plane ticket. They are going to be interested in why did you do this for me. You're my boss.

Why did you do this for me. And that's a fun conversation to have so personal implications and out giving community implications to this knowledge that most people are walking around broke as a joke. Yeah.

Were you hoping for some sort of more precise and cutting analysis about article for me? I feel like I've disappointed you. No, any reaction was going to be approved. Let's get into our argument for today.

Okay. You're convinced we're going to be arguing, huh? Well, you can describe how this topic came up in your mind because we're going to be agreeing on lots of things and potentially arguing about one or two. So those are the best.

Okay. When Mark and Stephen just sit here and rub each other's bellies, then it's not really very exciting for the people. Really? You think what people want after all they've been watching is the horror in the news.

They want to hear some conflict. Yeah. All they watch for entertainment is just the most disheartening, dehumanizing crowd.

There's a show that I won't even name. But I heard two people mention this show. And one of them was country music superstar and singing sensation, Lyle Lovett, who I'm an old fan of.

He mentioned this show on a podcast I heard recently. I thought, okay, I'll give you a shot. I did not make it 90 seconds through that show.

It was so foul and profane. And I think why would people watch this for fun? And you look at the kind of violent, horrible kind of fear stuff that comes up around Halloween time, which we're about to talk about. And people seem to, they choose to make this part of their mental, emotional diet.

It's crazy to me. Anyhow. Well, yeah, let's get into it because I saw a billboard yesterday as I was driving around Salt Lake City that said, we have this haunted house that's right off the freeway.

It's kind of, I think it's an old grain elevator or something and there's a bridge between the two towers. And all year long, there's a human body hanging from a noose between those two towers. And it's like, this is awful if this was in horrible.

I mean, this is what like, it happens in Mexico and people say that the city is falling to the cartels. Yeah, yeah. And we do it as a joke, I guess, but there was a billboard up for this haunted house that said, it is one of the three rated by whoever as one of the three most traumatizing haunted houses in America.

Hey, that's amazing. I couldn't imagine a less. And the exit off the turnpike was just crowded.

People are going like traumatizing. I'm in. Yeah, it's just going to bring my children.

So maybe maybe we'll get into that with Halloween. But and how many and how many dumb, dumb 20 something will also take their children with them. Because they think in their mind this, this falls into a holiday fun somehow.

Okay, so the topic is holidays. And what do we do about holidays in general? It just it came from several conversations I've had over the years and it was provoked recently by an email that was sent to me. And I kind of, you know, as you do cramming through emails, I just came up with whatever was on the top of my head, sent it off.

I see seed you on it and said, maybe something we need to cover. I haven't touched on this before. And I presume because of that email must be what you thought.

I'm not totally in agreement with all that. So, do you want to do you want to start or shall I? Well, let's start because I think we're in alignment on the main thrust. So go through what you got and then I'll respond in a couple of spots.

Okay, this is how I think it through. Okay. Number one, so when we think of, well, how do we, now I'm just kind of coaching people how to think when you when you are confronted with something that is a cultural norm or a cultural value or an idea that comes across your monitor.

What you first do is mentally retreat into God's word and you think to yourself, what does God say about this or what is the precedent that has been set through scriptures. Now, I'll just take a little detour here and just say, we don't believe in a concept called progressive Christianity, which is that Christianity is evolving as as time goes by. And it is changing to accommodate the modern man and it's moving to a more futuristic kind of space.

We don't believe that. The scriptures say that God never changes that he's the same yesterday, today and forever, the grass withers and the flower fades, but the word of God stands forever. So, Jeremiah 616 says, stand at the crossroads and look, ask for the ancient paths.

So we go back, back, back in our mind and go, what does God say about this? So when, when, when we're asked what, what, what do we make of holidays? Well, the first thing that comes to mind is that God actually commanded holidays for Jews. There were seven feasts and they were littered throughout the annual calendar and they were commanded of God's people. You will take these holidays.

You will stop working. Some, some of them, he said, you will celebrate during this time. Some of them, he said, you will repent and you will tear your garments.

So the point is, in the annual calendar, there were holidays that God commanded. Now, we believe on this side of the cross that all of those feasts found their fulfillment in Christ. That's a very important point.

So Colossians 2 16 and 17 tells us, do not let anyone judge you by what you eat or drink or with regard to a religious festival. That is the seventh east, a new moon celebration. Those were monthly observances where you dedicate the month to God.

That seems like a great idea. But what if you don't participate in a new moon celebration? Listen to this, for a Sabbath day, there, these are a shadow of the things that were to come. The reality, however, is found in Christ.

So all of these things find their fulfillment in Christ, those seven festivals. So, from where we sit as we read back at Leviticus, for instance, and we're just Jewish festivals are described to us, you have an option. You can use those to teach and train your own heart, your children, your family.

They're just sitting there and they can be exploited easily since they kind of have God DNA baked into them. You're free to do that. So, that's how we see biblical feasts.

That's how we see biblical holidays. Okay, so I'll start there. You're also free not to do them.

Yeah, I think that said that. Okay. You want to say anything else about that part? Are we going to get to Romans 14? No, I feel like that's the key passage.

Oh, it's the key. I think so, because it's Paul talking about holidays. The Roman Christians were arguing evidently about holiday observance.

And he said, all right, you know, starting in verse five, he says, one person, a steam's one day is better than another. While another, a steam's all days alike. Just pause.

We're dealing with Christians that are a mix of Gentiles coming from one tradition and Jews coming from strict observance of holidays. So you can imagine that they got into arguments about, well, you need to be observing every day that we do. So it's the kind of arguments you're hoping that we kind of argue it's I'm hoping we get into.

No. Okay. The one who observes, or it says each one should be fully convinced in his own mind.

I don't think we've put it up yet, but we did a whole episode on matters of conscience. And I think that this is Paul kind of pointing back to actually, is important and you, I'm not going to tell you go, go A or B, but you need to. You need to be convinced and then you need to actually hold to that.

It says the one who observes the day observes it in honor of the Lord, the one who eats. This is comes right after Paul talks about meat sacrifice to idols. So the one who eats eats in honor of the Lord, since he gives thanks to God, while the one who abstains abstains in honor of the Lord.

For none of us lives to himself and none of us dies to himself. The whole chapter is really good. So go read Romans 14, but Paul really clearly in that in my mind, he's telling us you have options here.

But don't judge your brother if they have a different view on this. He'll go on later in the chapter to talk about not causing other people to stumble. So don't put a yoke on somebody that says, you know, you have to, like, oh, you're kind of a B team because you do Sabbath on Sundays, like kind of an old, timey Christian, but we've got the cool new Christian Saturday.

Like, don't do that. It's sin. Paul says it's sin.

And you're not letting a brother or sister kind of act in conscience there. But I think it's very relevant to this discussion. Okay.

Continue. Fine. You thought Romans 14 was the key passage on this whole subject.

On how we take the thick body of Old Testament holiday instruction and handle it in the New Covenant, I think it's a pretty key passage. But go ahead. If you clearly think it's boring and probably shouldn't.

No, I just wanted to make fun of the scripture. I just wanted to make fun of you saying that it was the key passage. Okay.

Okay. Stephen says it's just self- opinion. Okay.

Yeah. And we should all, hey, it's not like Paul is Jesus. You didn't know what things were going to be like in 2021.

Yeah, right. Okay. That's how we deal with so there's a biblical pattern.

There are holidays. I had there's a friend in my life who believes that, you know, what God told us to work. I don't ever telling.

I don't see him telling us to go on vacation. He has this big hard stance on this, which I just go, well, it is a precedent. I mean, he didn't tell that to Israel.

So, and we have freedom. So now let's talk about our relationship to our country because now we get into a different thing. Okay.

We're taking that principle for the Bible. We're trying to bring it into present day and go, how do I filter what happens around me? So, this is a little opportunity to talk about our relationship to our country. So I'm taking it.

Ready? Acts 1726 says, from one man, he made every nation of men that they should inhabit the whole earth and he determined the time set for them and the exact places where they should live. God did this so that men would seek him and perhaps reach out for him and find him, though he is not far from each one of us. My point there is that God chose that you would live in this country.

Wherever you're listening to this from, he chose you to live in that country. Okay. Jeremiah 29 seven says, seek the peace of the city where I have exiled you.

Now, I know that there's a specific historical context for that. I think that supplies to everybody everywhere. Seek the peace of the city where I have exiled you.

Pray to the Lord for that city. So think of these are Israeli. Well, he's talking to those who will listen to the voice of God.

So they're God fearing Hebrews. They're exiled into foreign countries that serve foreign gods. And it says, pray to the Lord for that city, because when it has peace and prosperity, you will have peace and prosperity.

God, the end story of a world view and a society that's based on God's word is peace and prosperity. It's Shalom. And God says, seek that wherever you are.

So I feel like I have to establish that 25 years ago, but I have to establish that today because there's something people have in their minds that we have an ejector button. And we can completely divorce ourselves from the country in which we live. And there's this straw man of Christian nationalism that has messed up our relationship to our country.

The fact is, if you live in America, you are in America to be a blessing to America. You should be a good citizen of that country. And that means that you're vying for God's kingdom to come in your country.

So you live in this place. We are Americans. We take that identity seriously.

It's our home. If he had born me in Canada, I would be an enthusiastic fan of Canada praying for God's peace in Canada. But I'm not there.

I'm here. And so I believe that national holidays that are about citizenship, like July 4th and President's Day, I say do that with gusto. Now, if they ever said, you need to bow down and pray to the American flag and ask Uncle Sam to come into your heart, that's different.

That would be asking us to do something godless. But if it's just, hey, let's celebrate the country that we're in. It's good history and the good things that have happened here.

I say, yeah, do that with gusto. Of course, what we said previously still applies. You're free to refrain.

Right. So that's one kind of holiday. Comments on that? No, I agree.

I think I've gone back and forth in my days on very staunch objection to anything that seemed American-y and I think that was folly. I don't think it was wise to kind of have that posture. And, you know, we could go down the rabbit hole of now everything that even sort of doesn't hate America as being called nationalism.

But I don't think that's the case. I also think there is a real ditch over there. It's just not where culture seems to be at the moment.

So it'll make you're in too much danger of falling into the nationalism. I don't know anybody in that ditch, actually. So, yeah, I agree with you.

We could go on at length talking about a Christian's relationship to government, something I'm very interested in, but I'll move on. Next, the next kind of holiday that comes to mind for me, American holidays, is that some holidays are so easily compatible with our faith that I think it would be a miss to not use them like you would use Jewish festivals. So Mark and I, this year we both observed Sukkot.

So this is a biblical holiday. We built a little shelter behind our houses. Pretty big shelter, to be honest.

Mine was luxurious. It was really manly. Yes.

And we use that as an opportunity to teach. Okay. Similarly, something like Thanksgiving would fall under this same heading for me.

Thanksgiving. That's a very biblical concept. In my house, this will air just before Thanksgiving.

So I'll just take a little call to sack here and just describe a little bit of what Thanksgiving looks like. This is great. You're Thanksgiving to my family.

They made our Thanksgiving better last year. So I'm excited. Oh.

Okay. Well, I hope I remember what I said to you. Okay.

Gosh, I hope I hope maybe you can add to whatever I say here. I like teaching the children and reviewing for a family the story of the pilgrims. I like, I like that, that it's sort of like your family history.

You know, we believe in sharing family stories with our kids. Not because we worship grandpa. But because there's a picture in grandpa's life of what God did for him that flows directly to the children.

And they need to see there has been a flow of grace that has come through the generations that I'm a beneficiary of. I want them to understand that story. I want them to understand that their great grandfather was a great grandfather.

Yeah, great grandfather. Moved. You can listen if you want to to my father telling these stories on podcast, but that a great grandfather moved from North Carolina to Texas with no money because he hoped that he might could get a job at a filling station.

And God used that, that crazy circumstance in an era before, before, certainly before the internet, before everybody had a phone to get them where they are now. So we're all on the receiving end of grace. I feel like there are national stories that do the same thing.

I'm on the receiving end of grace. When on July 4th, we read the Declaration of Independence in our home. It's not the Bible.

I'm not reading the Bible. We don't pray to the Constitution. But we read the Declaration of Independence and go like, wow, how blessed are we to live in a place that believes some of these things, you know, and review those.

And men who made these hard stands, men of courage, etc. So we do that pilgrim thing because we're grateful. We tell the story of people of courage and faith.

They why know they weren't all people of faith, but there were definitely God fearing pilgrims. Okay. Then at Thanksgiving time, we kind of make Thanksgiving a sort of mini Passover in this way that we want everybody to participate.

And we also want to honor the scriptures. So my favorite passages that we read every year at Thanksgiving are Deuteronomy 8 is the best. And if you're jotting this down, I read Deuteronomy 8, 2 through 18.

And basically what it says is, everything that's come our way in the last year has come because of God's grace. And we acknowledge that. And even there are a couple of specific verses from that chapter say, you know, your tendency will be when you have made houses for yourselves and you're comfortable in them.

You will forget God. And I always think of what did their houses look like when Israel, the first generation of Israel set up camp in Canaan. Think of those little rudimentary houses that they had.

And God told them, now hold on, that's going to be so luxurious and comfortable for you that you might forget me. Fast forward to me in my climate controlled home, where I'd swiffer the floors if I see two dust balls on the floor. The China that's going to be laid out on the table for Thanksgiving or whatever and think, gee, is there any danger of us not being thankful to God? I'd say that they're very present dangers of us not being so comfortable that we forget to God, forget God.

And even says the money that you're able to earn, I gave you the ability to earn that money. So thank me for all of it. So, so I like to read Deuteronomy 8.

I also, this has just become tradition to read Psalm 36. It's the one, your love, O Lord, reaches to the heavens, your faithfulness to the sky. It's just a praise of how good he's been to us.

And then we give thanks to God and we go around and everyone has to share things they're thankful for. What else did I tell you that's better than that? I feel like I'm probably missing something. No, I think you got it.

I think that going back and talking through the actual story of the migration to the United States by pilgrims who, interestingly, not fans of Christmas, that was something that we did last year. Last thing, last thing for Thanksgiving. Last thing.

When you're considering how much you have to be thankful for, your kids are going to go, "My family!" And then one's going to go, "Food!" But you can get a little bit better stuff out of them if you'll walk through five capitals. You say, "What do we have to be thankful for spiritually? What do we have to be thankful for relationally?" Then they're going to name their best friends. They're going to name grandparents.

And then what do we have to be thankful for intellectually? So you can stir up a lot better stuff if you'll just trot out those subjects as you're being thankful. That's great. And I'm kind of offended.

I've been at Thanksgiving's before when it's kind of... Being thankful is kind of like a little mascot for the day. And it's like, "Well, that was cute.

We did that. Now, where's the candy corn?" No. Make the event about gratitude.

And then actually stop and give thanks to the Lord. And maybe sing a song of gratitude to the Lord. Like, actually do it.

That's what I have to say about that. Okay. Now, some people don't celebrate any holidays because of their questionable origins like Christmas, for instance.

Christmas started out super pagan origins. It got Jesus slapped onto it. That's true.

I don't buy that. I don't buy that story. Oh, okay.

Wait, go ahead. Do you want me to keep talking or what? Well, this is where we get into the cage together. Oh, okay.

You want me to keep going? Yeah. Okay. Whether you do that or you don't do that, it's fine with me.

I... The pagan stuff? No. Whether you make a stand and you go...

It's very similar actually to the... We don't buy Nestle products because of their social stances. Okay.

I mean, how far down the food chain do you want to go about? What about the suppliers and the vendors that everybody uses, etc. How far do you want to go down the rabbit hole of where the history of every holiday and whether it was all used purely or not? You can do that if you want to. I tend to just take things more on face value personally.

We don't do... We have never done Santa. My parents didn't really either.

That's more about just not wanting to lie to our children than the guy that the idea of Santa was based on was a great guy. I think that was a Polish guy. Is that right? Hang on, I've got it right here.

St. Nicholas of Myra, also known as Nicholas of Berry, or as we call him in the parent house, just Berry, was an early Christian bishop of Greek descent from the maritime city of Myra in Asia Minor, modern day Turkey during the time of the Roman Empire. He did many miracles that were attributed to his intercession, so he was a prayer.

And he is the patron saint of sailors, merchants, archers, repentant thieves, prostitutes, children, brewers, pawnbrokers, unmarried people, and students in various cities and countries across Europe. Not the patron saint of SEC schools. No, it's funny.

Yeah, so, you know, if you're... We don't really have a holiday for the patron saint of pawnbrokers, necessarily. We do.

It's called "More Like Christmas." Oh, I get it. But patron saint of prostitutes, but not repentant, just prostitutes, repentant thieves, but all prostitutes. Yeah, well, you got to be specific.

They've got a lot of saints. Anyhow, so Christmas has a very mixed background. I know that I know it's not when Jesus was born.

There's no chance in the world that Jesus was born on December 25th. I know that. And yet, here it is, it's a cultural opportunity, so we take it, and we celebrate Jesus being born, and we sing angels we have heard on high, and we sing these songs that glorify God for Jesus coming.

You can avoid that if you want, but it might be good to celebrate Jesus coming sometime, maybe you're in Sukkot. Can I make an argument that is extra biblical for why you should celebrate this and other explicitly Christian holidays? Will you accept it? Yeah, give it a shot. You might be more successful in getting a rise out of me if you apply the argument you're about to make to Easter, which I'm less happy about than Christmas.

Well, I can do that. Christmas is named the Christ Mass. That's what the Catholics named it.

Easter is the pagan Babylonian god Ishtar. So it's named for a false God. So I'm not crazy about Easter.

Yeah, Ishtar was one of like 20 names that I found as I researched origin of Easter. There's no agreement that it was named after Ishtar, but there's a lot of other words that's what it was named after. I'll just say that is in deep academic dispute, whether that's the case.

Oh, okay. Oh gosh. Well, if experts, if experts question it, well, then let me back off my point here.

Just to like to extend an olive branch before we go into a time of disagreement. I think it's important to tell you and the listener that just now, as we were recording this, my wife texted me and said, I just drove by Mitt Romney. And he was in his car and wearing a mask by himself.

He does live in our little town. So kind of interesting. Oh, that's great.

So that's great. If I just zoom out, I'm not going to actually, we can talk about the specific customs and things like that. I only have one follow up question about Mitt.

Okay. So do you think based on the little that you know, you don't know everything about politics and not everything about virology or MIT, do you think, do you think that MIT in his luxury car wearing his mask? Do you feel that he is safe? I do. Okay.

Mostly due to the steel beams in the Mercedes that protect him against side impact crashes. I don't attribute that safety to his mask or his impeccably placed hairs on his head, probably, but no, no, no, no. Anyways, I think my 30,000 foot opinion on all this stuff is that there is a, I would say, foolish quickness to discard church history and the opinions of those who have gone before us when it comes to some of these holidays.

So, for example, my guys grou...

Read more: https://opentheo.com/i/7250795400066720733/home-how-should-we-celebrate-holidays


LEDN.IO wants more of your BTC in exchange for a lower loan rate

I'm still a "customer" even though I withdrew all my crypto from these folks in mid 2022 before all the drama started.

Yesterday, they sent out this hilarious email as a "new product" announcement:

NEW! Low Interest Loans - Bitcoin backed loans with interest rates as low as 3.9% APR.\*

Do you have more bitcoin available for collateral in exchange for a lower interest rate? Then this product is perfect for you. Coming soon, Ledn will launch a beta of our new Low Interest Loans. Our in-platform calculator can help you understand what collateral is required for varying interest rates. This is a beta, so increased functionality will roll out over time and we welcome your feedback on how to improve and evolve the product. Low Interest Loans are available based on jurisdiction and loan eligibility. We may also need to start a waitlist depending on demand as capacity will be limited to start.  

Don’t worry - our typical bitcoin-backed loans at a 50% LTV are still available as is!

I think this deserves the "comedy" flair even if they seem quite earnest.

Q: How many people, having seen this company lock withdrawals and OTHER companies (ahem BlockFi) lose their staked crypto, are willing to stake with them crypto just to borrow cash at this low a rate with a non-zero possibility of 2x the value in BTC disappearing overnight?

I understand the overall usecase for borrowing against crypto (need fiat with a non-taxable event b/c you have such a low cost basis) but juicing up your collateral seems pretty nuts to me.

-wj