The Mystery of Bitcoin

Discussion in 'Off-Topic Discussions' started by nosborne48, Aug 27, 2022.

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  1. Rich Douglas

    Rich Douglas Well-Known Member

    Small bills. Non-sequential serial numbers. Plain bag. I'll get back to you with the instructions to the drop point....
     
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  2. Johann

    Johann Well-Known Member

    I suppose so - unless Alberta secedes, or Quebec - or the First Nations take the whole place back, for which I could hardly blame them. And I'm still one of His Majesty's subjects -- still a Brit, officially, after all these years. And yes, I can receive the bulk of my Canadian pension money anywhere in the world. I think I told the story before.

    At least I have somewhere to flee - and not starve - if something DOES hit the fan... and Boris Johnson won't be the PM any more. New lady comin' out - the Rt. Hon. Elizabeth Truss. I'm sure I'll like her better than I liked Boris. Frankly .... I didn't. At all. Ever.
     
    Last edited: Sep 20, 2022
  3. Rich Douglas

    Rich Douglas Well-Known Member

    Canadexit?

    ¡Sí se puede!
     
  4. Johann

    Johann Well-Known Member

    ¡No será fácil! :eek: ¡Peligro! Barreras constitucionales.
     
    Last edited: Sep 20, 2022
  5. nosborne48

    nosborne48 Well-Known Member

    All of your hockey loving, poutine eating, cheap beer swilling neighbors are likewise subjects of King Charles.

    I suppose you know that Canada and the UK don't exchange ambassadors? The exact same functions are carried out by High Commissioners with ambassadorial rank. The King can't send an ambassador to himself.
     
  6. nosborne48

    nosborne48 Well-Known Member

    CBC's 22 Minutes ran a very funny skit on the creation of the "Duchy of Saskaberta".
     
  7. nosborne48

    nosborne48 Well-Known Member

    Interesting grammar note, Johann. You used the future indicative even though the sense of the comment is more properly subjunctive I think. That's correct. But the future subjunctive does exist in legal Spanish. As far as I have been able to tell, it exists only in legal Spanish.
     
  8. SteveFoerster

    SteveFoerster Resident Gadfly Staff Member

    Alas, that darn Nickle Resolution means we don't see stuff like that.
     
  9. Rich Douglas

    Rich Douglas Well-Known Member

    Was that the one that was passed from the left-hand side?
     
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  10. SteveFoerster

    SteveFoerster Resident Gadfly Staff Member

    [​IMG]
     
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  11. Johann

    Johann Well-Known Member

    Sí. Lo sé. En una vida anterior, fui "El Abogado de Sevilla." (Otro amigo de Rossini.) :)
     
    Last edited: Sep 20, 2022
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  12. nosborne48

    nosborne48 Well-Known Member

    Ultra nerdy hyper technical exceedingly picky note: Actually, Johann and the Canadians (terrible name for a band) aren't "British Subjects" anymore and haven't been for decades. Instead, the poutine eaters are "Citizens of Canada and the Commonwealth" and Johann is a "Citizen of the United Kingdom and the Commonwealth".
     
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  13. Johann

    Johann Well-Known Member

    I had no idea, Nosborne. Wow! I feel like I've really "made it." I should get hold of the UK Government folks and see if I can get a nice wall-hanger that proclaims my elevated status! (Signed by His Majesty, perhaps?) "Kid from Palmers Green goes overseas and makes it big in his old age!" :)
     
    Last edited: Sep 20, 2022
  14. Johann

    Johann Well-Known Member

    Terrible band - terrible name. Fitting, I think. :)
     
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  15. Johann

    Johann Well-Known Member

    Rule 1: Nosborne is always right.
    Rule 2: If in doubt, refer to Rule 1.

    From Google: "In modern Spanish, the future subjunctive has been replaced by the present subjunctive, although the future subjunctive still has some formal legal usage. The future subjunctive is conjugated in the same way as the imperfect subjunctive, except that the -ra- in the ending becomes -re-."

    I only had two semesters of Spanish in College - can't remember getting to subjunctives, there. Don't think we did. In high school, we did subjunctives in English, Latin. German and French in the same year. 3rd, IIRC. "The Year of the Subjunctive." A plague year for some. I survived.
     
    Last edited: Sep 20, 2022
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  16. SteveFoerster

    SteveFoerster Resident Gadfly Staff Member

    I'd listen to it! (No guarantee as to more than once, though!)
     
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  17. Rich Douglas

    Rich Douglas Well-Known Member

    Interesting take in today's news:

    A crypto company, Celsius, is in bankruptcy court. The judge rule that, based on the agreements "investors" signed, the money in their accounts belong to the company, not the "investors." They, in the fine print, agreed to cede the money to the company--loaning it, essentially. Now that the company looks insolvent, they can't withdraw their funds--because it's not their money. They're now just unsecured creditors, and we know what happens to them in a bankruptcy.

    Imagine: you hand these people, say, $10K for their crypto currency. The value drops to, say, $6K and you decide to get out. Well, guess what? You can't! That money isn't yours anymore. So, you don't lose $4K, you lose it all. And we're talking billions of dollars for just this one company. According to the article, a lot of crypto companies use these agreements.

    I knew it was a scam built on pure--and unreliable--speculation. But this is a whole different level of scam.

    Yahoo article
     
  18. SteveFoerster

    SteveFoerster Resident Gadfly Staff Member

    This is like blaming the dollar as a whole for a run on a specific insolvent bank.
     
  19. Johann

    Johann Well-Known Member

    I don't see that. The blame here attaches to a widespread, unethical-sounding (to me) business tactic, reportedly used by many crypto companies. Nobody is blaming any bank for insolvency. It's these particular agreements that make things worse when an insolvency does occur.

    I think Rich and I both believe the crypto market is scam- and fraud-prone, but that's not the point. What was being highlighted are these particular agreements concerning ownership - which as Rich says are "a whole different level of scam." I agree 100% with that statement. They should be outlawed. Then crypto firms would be restricted to their normal scams. :(
     
  20. Rich Douglas

    Rich Douglas Well-Known Member

    People thought they were "investing" when, instead, they were loaning the company money. As the article states, this is a common practice in the crypto field. So, no, unless we dispute the author's assertion, it is not isolated to a specific company.
     

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