#satl — Public Fediverse posts

#Tether, a company whose capital probably comes from #China and which earns 5% interest on ~$100 billion for doing nothing, has been branching out and investing in:

1. a chinese bitcoin transaction processor (some call them "miners") manufacturer #Bitdeer

2. random agriculture companies in argentina with a sub 3% ROI (less than Tether would get doing nothing and collecting 5%) https://t.co/R15JFCMRhD

3. #Satellogic, a manufacturer of spy satellites that is currently losing $30-50 million per year (much less than the guaranteed 5%)

to say this is shady would be an understatement but it is of a piece with some of Tether's other recent bailouts of allegedly fraudulent companies like #NorthernData

#crypto #stablecoins #stablecoin #cryptocurrency #bitcoin #bitcoinmining #argentina #SATL #Adecoagro #espionage #satellite #spy #Chinese #JihanWu

So what is everyone getting for #BandcampFriday?

Here's what I picked up:

#GiantPandaGuerrillaDubSquad “Love in Time” — One of my favorite #Reggae bands just released a new album with a lot of great collabs. Nice island vibes on this one.
https://giantpandadub.bandcamp.com/album/love-in-time

#Fanu "Northern Exposure" — A lovely, frenetic #DrumAndBass tour
https://fanu.bandcamp.com/album/northern-exposure

#Satl "Gloom" — A moody collection of #DnB-inspired tracks that pull various influence from #UKBass #Techno 
https://satl.bandcamp.com/album/gloom