3 years ago, the average 30-year mortgage rate was 2.98%, per Charlie Bilello. The median existing home price in the US was $294,000 .
Currently, the 30-year mortgage rate is 7.23% and the median home price is $440,000.
So the PayPal stablecoin contract:
- Is written in an extremely old version of Solidity
- Allows the owner to pause all transfers
- Allows the owner to freeze addresses to prevent actions
- Allows admins to increase the total supply at will
Centralized, but transparent at least.
You will swap your JPM-USD CBDC for an SEC approved token on BlackRockSwap by sending the tx through a regulated RPC from your federally approved whitelisted wallet and you will like it.
There it is.
Crypto Exchange EDX Markets Backed by Citadel Securities, Fidelity, Schwab Starts Operations
Drown the crypto native exchanges in lawsuits, generate fear around them, and then let the TardFi vultures swoop in.
https://t.co/WT4kJ0mbk9
Biggest winners in AI will be products people want (that happen to use AI)
Biggest winners in crypto will be
products people want (that happen to use crypto)
If you make something people want, they wont care what you used✨
If you don't, neither AI nor crypto will save you🤷♂️
@Croesus_BTC@MayureshHegde Agreed about bitcoin and gold, but don't sleep on how TIPS would perform in this scenario! They adjust for inflation and are backed by the US gov't, offering a low-risk high reward way to protect against hyperinflation (assuming no default)
@elonmusk@unusual_whales This trend toward independence begs the question: are people hesitant to align with a particular party because their genuine opinions don't match either side, or because they don't want to risk alienating themselves from nearly half the population? If the latter, this isn’t good
A clear regulatory sandbox is needed to encourage companies to innovate here
Without this, companies will bring this innovation elsewhere
We have the potential to be a leader in the crypto space. It's time for proactive regulation.
#regulation#innovation#financialtechnology
The new #Coinbase perpetual futures exchange is a game-changer for crypto, but it also exposes the need for a more innovation-friendly regulatory environment in the US
The US continues to regulate by enforcement, which stifles development in the country
Money Supply contracts again in March. 📉
This is a massive economic warning. Money Supply contraction hasn't happened in 90 years.
Only other times it has happened we had Depression / Major Banking Crisis.
It's time to stop bastardizing new things to fit old definitions.
#ETH is not a security. It's not a commodity, either.
It is a brand new thing called a cryptocurrency, the native coin of a decentralized global settlement system. It is not "issued" by a legal entity, nor is it "pulled" out of the ground. No individual or organization controls it.
It's sad watching so many otherwise intelligent people obsess over the definition of a thing, as opposed to its nature. It's embarrassing when they give up and declare there is nothing new under the sun.
Is your TikTok FYP page a network TV station? Is my Segway e-scooter a horse? Is ChatGPT an abacus?
I understand that the legal system relies on existing laws and precedence to accommodate change. But we also have a legislature whose only purpose is to update old laws and make new ones.
We should not restrict progress to accommodate old laws. We should expand old laws to accommodate progress.
If you are in your 20s and admire @SahilBloom, read this thread.
This man landed a mentorship with Apple’s CEO Tim Cook just by hitting the gym at 4:45 am.
That too while he was working 80 hours a week.
I spoke to him about 9 things he learned along the way; a thread