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TezNoble1988

Re:Ilya Sutskever's SSI Inc raises $1B on Wednesday September 04, 2024 @07:29PM (#41451920)
Sometimes, these very large rounds are delivered in tranches based on milestones. It's possible that SSI didn't receive the entire $1BN at the close of the fundraise but rather can "call capital," much like a VC fund does, as it needs it based on scaling.
Re:The political case for a blanket cryptocurrency ban on Wednesday March 31, 2021 @04:54PM (#26653054)
There is very little consensus around whether these stimulus bills will create inflationary pressure or not. Inflation generally isn't a concern when unemployment is high; if anything, short-term inflation may be caused by a drop in supply and excess savings caused by COVID, a systemic event which would also cause BTC-denominated prices to increase if consumer goods were actually priced in BTC.

I'm not sure what you mean by, "when the stock market goes up that's them losing value on their dollar and wages" -> that simply doesn't make sense

Re:The political case for a blanket cryptocurrency ban on Wednesday March 31, 2021 @04:45PM (#26652935)
The idea that inflation is some sort of creeping evil that needs to be "solved for" is a made up fantasy of cryptocurrency zealots and libertarians. There's nothing inherently "wrong" or "bad" about inflation when it is controlled and stable, and in fact some low level of positive inflation is a good thing. Inflation is a bogeyman that was invented by the crypto-industrial complex to justify the environmental disaster and criminal danger that cryptocurrencies wreak on society.