kikowi
Joined 15 years ago
Joined 15 years ago
You can redeem tether for a dollar anytime on their website [1].
Bitcoin has multiple markets on multiple exchanges. Some markets are between BTC and USD, some are between BTC and USDT, some are between BTC and BUSD (Binance's coin that is pegged to USD etc.). The reported price is a weighted average of these markets. It is never just USDT.
There are 7 exchanges on the first page of CoinMarketCap where you can buy Bitcoin with dollars directly [2]. Look for BTC/USD pair.
IMO Binance has billions of their own cash reserves (not user funds), based on their activity in the last year (acquision of coinmarketcap for 0.4B, commiting $1B to boost crypto projects and companies etc.. this must be a fraction of their overall worth and in that case, $6B should also not be a huge issue, especially since they can get a lot of goodwill and millions of FTX users).
Binance collects billions of dollars from fees every year and also get money from their external investments (e.g. Binance invested in FTX and sold their shares last year for $2B ($1.5B and $0.5B FTT)).
I noticed I fell out of the "flow" a lot less on M1, because actions that took a few seconds on other machines are now instantaneous.
Regarding the Intellij Idea and Docker, my old 16GB MBP 2015 Mojave was struggling hard and getting very hot with 100K LoC project. I would definitely use the Gateway on old machine aswell.
At the last company we had Docker, Java 8, Wildfly 10, Gradle 4 and I didn't manage to make it run locally on M1.
I was pleasently surprised with how smooth it was to connect to Ubuntu VM with Jetbrains Gateway. You use native Jetbrains app on your computer (Intellij Idea in my case), but everything is executed and compiled on the remote machine (Ubuntu VM). Another huge upside is that Docker is running on Ubuntu, which is a lot faster than on OSX. Downside is that your are dependant on the Internet ofcourse.
Officially the product is still in Beta, but it worked good enough for me.