I don’t want to connect my coffee machine to the wifi network. I don’t want to share the file with OneDrive. I don’t want to download an app to check my car’s fluid levels. I don’t want to scan a QR code to view the restaurant menu. I don’t want to let Google know my location before showing me the search results. I don’t want to include a Teams link on the calendar invite. I don’t want to pay 50 different monthly subscription fees for all my software. I don’t want to upgrade to TurboTax platinum plus audit protection. I don’t want to install the Webex plugin to join the meeting. I don’t want to share my car’s braking data with the actuaries at State Farm. I don’t want to text with your AI chatbot. I don’t want to download the Instagram app to look at your picture. I don’t want to type in my email address to view the content on your company’s website. I don’t want text messages with promo codes. I don’t want to leave your company a five-star Google review in exchange for the chance to win a $20 Starbucks gift card. I don’t want to join your exclusive community in the metaverse. I don’t want AI to help me write my comments on LinkedIn. I don’t even want to be on LinkedIn in the first place.
I just want to pay for a product one time (and only one time), know that it’s going to work flawlessly, press 0 to speak to an operator if I need help, and otherwise be left alone and treated with some small measure of human dignity, if that’s not too much to ask anymore.
@cameron Speaking personally, I hold for pessimistic reasons - because I think Trump and Elon and the rest of their ilk are going to fuck things up so badly that Bitcoin et al. will thrive in comparison
If @joebiden loses, there is a good chance you will be able to thank @GaryGensler and the @NewYork_SEC
Crypto is a mainstay with younger and independent voters. Gensler HAS NOT PROTECTED A SINGLE INVESTOR AGAINST FRAUD
All he has done is make it nearly impossible for legitimate crypto companies to operate, killing who knows how many businesses and ruining who knows how many entrepreneurs.
This is also a warning to Congress. Crypto voters will be heard this election. You could solve this problem for Biden by passing legislation that defines registration that is specific to the crypto industry just as other industries have registration that is defined for them
Or you could do the better option and assign all crypto to be regulated by the @CFTC
They actually know what they are doing
@ericswalwell@SenSchumer
wall street will now actively talk the revolution of tokenized assets, and the potential is HUGE
but the real crypto revolution will always be about native, decentralized crypto value like ETH and BTC
and one part of that story will be how that value interacts *onchain* with "real world assets" (RWAs) which are tokenized onchain
custodial stablecoins like USDC and USDT have been the test run. they present systematic risks to DeFi as constructed today, yes. but they have also opened the floodgates to massive amounts of financial activity on Ethereum
other RWAs are coming next
what is likely to happen next is one of these institutions (and then all of them) build on Ethereum because of its credible neutrality, and because every other big institution is building on it
and just like stablecoins, they will be MORE than happy to use ETH as part of their tokenized economy if it means more money flowing in. and this will remain the choice for those who want to minimize trust assumptions
and even if they settle most of their activity in USD, they bring legitimacy and value to ETH simply by using it
this was the path of the internet:
decentralized bootstrapped centralized which allowed for the persistence of the decentralized alongside it
and i have believed for years that this will be the path of mainstream crypto adoption by the financial sector as well
we are now closer than ever before
All I want for Christmas is a movie where Neal McDonough and Christopher Mcdonald team up and get to be the good guys. We can set it in Scotland for extra authenticity. 🏴