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« Welcome Back My Friends, The ONT It Never Ends | Main | EMT 10/9/21 »
October 09, 2021

Daily Tech News 9 October 2021

Top Story

  • Where exactly is Tether's $69 billion? (Bloomberg)

    Tether is a stablecoin, a cryptocurrency pegged at 1:1 against the dollar. Tether says they can do this because they have a 1:1 ration of liquid dollar assets to the Tether coins issued.

    Tether acts like a bank, but this report suggests it's somewhere between a hedge fund and a Ponzi scheme.


  • Unexpected sanity:
    It's a sign of Australia's COVID parochialism that we seem to think allowing 10 people into the homes of the double-vaccinated, instead of five, is a measure of radical risk-taking.
    That's two academics from the left-wing Sydney University writing in the left-wing Sydney Morning Herald to berate the left over their COVID psychosis.

    Being what they are they feel obligated to take a dig at Donald Trump before they get on to criticising the Labour Party here in Australia.
    Perrottet's political calculation is that we are now ready for take-off. This is one politician who isn't afraid of freedom. His instincts tell him that the people of NSW increasingly aren't either.

    For Labor and those on the political left, there is huge political danger in all of this.

    If it works, Labor is sunk.



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