George D

building @vaulx_rwa

[Pepe Invests @pepemoonboy]

Sometimes we forget how lucky we are just to wake up.

There are over a billion people who would trade places with you in a heartbeat.

People battling sickness, grief, war, or oppression.

People who would give anything for your problems, your peace, your today.

If you’ve got your health, even just some of it…

If you’ve got people in your corner, even just one or two…

If you’ve got passions, hobbies, or the freedom to chase what lights your soul on fire…

Then you’re already rich.

Take a moment and really feel that.

You get another day to be here.

That’s a blessing.

Live like it.

[Historic Vids @historyinmemes]

MJ vs Kobe, this was peak basketball

[Historic Vids @historyinmemes]

In the 1640s the Dutch inhabitants of New Amsterdam built a 12' wall to protect the city. In 1664 the British bypassed it and took the city by the sea. It's now called New York. They took down the wall and built a street now known as Wall Street

[The Cultural Tutor @culturaltutor]

This is Barcelona at night, one of the world's most unique cities. But why does it look like that?

Well, until 1855 it was overcrowded, dirty, and diseased — then something special happened.

Here is how you build a beautiful city...

[All The Right Movies @ATRightMovies]

If you like this thread, please retweet the first tweet 😀

https://t.co/PzWPLVVgq5

[DB Cooper @AltcoinCooper]

@gainzy222

[rektdiomedes @rektdiomedes]

Thread: Isolation, Wifi Money, And The Prison Of Modern Society

🧵

One of my all-time favorite stories is The Count Of Monte Cristo...

I've read and/or watched different versions of it ever since I was a kid, and its always resonated with me intensely.

1/x

[𝐃𝐦𝐢𝐭𝐫𝐲 - biofoundationalism.com @BackTheBunny]

Generations of war & business correlate closely. However there's a lag; war is 1 cycle ahead and leads business strategy.

I believe warfare is also a proxy for DeFi generations.

This is part 2 of 3 analyzing cycles of business and war, and using them to predict DeFi’s future 🧵

[George D @DiGogy]

@WhaleChart Banks too strong, they will stop with hikes...
Who needs a country in chaos, failed financial sector and debt at max allowed? Who will pay back if banks and companies fail?

[Bill Ackman @BillAckman]

The gov’t has about 48 hours to fix a-soon-to-be-irreversible mistake. By allowing @SVB_Financial to fail without protecting all depositors, the world has woken up to what an uninsured deposit is — an unsecured illiquid claim on a failed bank. Absent @jpmorgan @citi or @BankofAmerica acquiring SVB before the open on Monday, a prospect I believe to be unlikely, or the gov’t guaranteeing all of SVB’s deposits, the giant sucking sound you will hear will be the withdrawal of substantially all uninsured deposits from all but the ‘systemically important banks’ (SIBs). These funds will be transferred to the SIBs, US Treasury (UST) money market funds and short-term UST. There is already pressure to transfer cash to short-term UST and UST money market accounts due to the substantially higher yields available on risk-free UST vs. bank deposits. These withdrawals will drain liquidity from community, regional and other banks and begin the destruction of these important institutions. The increased demand for short-term UST will drive short rates lower complicating the @federalreserve’s efforts to raise rates to slow the economy. Already thousands of the fastest growing, most innovative venture-backed companies in the U.S. will begin to fail to make payroll next week. Had the gov’t stepped in on Friday to guarantee SVB’s deposits (in exchange for penny warrants which would have wiped out the substantial majority of its equity value) this could have been avoided and SVB’s 40-year franchise value could have been preserved and transferred to a new owner in exchange for an equity injection. We would have been open to participating. This approach would have minimized the risk of any gov’t losses, and created the potential for substantial profits from the rescue. Instead, I think it is now unlikely any buyer will emerge to acquire the failed bank. The gov’t’s approach has guaranteed that more risk will be concentrated in the SIBs at the expense of other banks, which itself creates more systemic risk. For those who make the case that depositors be damned as it would create moral hazard to save them, consider the feasibility of a world where each depositor must do their own credit assessment of the bank they choose to bank with. I am a pretty sophisticated financial analyst and I find most banks to be a black box despite the 1,000s of pages of @SECGov filings available on each bank. SVB’s senior management made a basic mistake. They invested short-term deposits in longer-term, fixed-rate assets. Thereafter short-term rates went up and a bank run ensued. Senior management screwed up and they should lose their jobs. The @FDICgov and OCC also screwed up. It is their job to monitor our banking system for risk and SVB should have been high on their watch list with more than $200B of assets and $170B of deposits from business borrowers in effectively the same industry. The FDIC’s and OCC’s failure to do their jobs should not be allowed to cause the destruction of 1,000s of our nation’s highest potential and highest growth businesses (and the resulting losses of 10s of 1,000s of jobs for some of our most talented younger generation) while also permanently impairing our community and regional banks’ access to low-cost deposits. This administration is particularly opposed to concentrations of power. Ironically, its approach to SVB’s failure guarantees duopolistic banking risk concentration in a handful of SIBs. My back-of-the envelope review of SVB’s balance sheet suggests that even in a liquidation, depositors should eventually get back about 98% of their deposits, but eventually is too long when you have payroll to meet next week. So even without assigning any franchise value to SVB, the cost of a gov’t guarantee of SVB deposits would be minimal. On the other hand, the unintended consequences of the gov’t’s failure to guarantee SVB deposits are vast and profound and need to be considered and addressed before Monday. Otherwise, watch out below.

[Joseph @JosephA140]

Why you should buy $0.90 for $1

A USDC 🧵

[Arjun Mahadevan (Mr. LLC 🇺🇸) @ArjunMahadevan]

Back in 2005, three guys on Valentine's day had nothing to do.

So they built an app.

This is the story behind how one of the biggest social media networks in the world started as a dating site:

[Thor @0xThoor]

Whale token investors 🐋

Who secretly owns the majority of the tokens you hold? And at what price did they invest 🧐

I spent 3 weeks tracking down the top whales of 8 strong performing protocols👇

[Fungi Alpha (🍄 ,🍄) @FungiAlpha]

The Fungi Alpha Weekly DeFi Update 🍄

(Feb 27th 2023)

🔵 @coinbase L2 is coming
🔵 No more algo FRAX?
🔵 @iearnfinance joining the LSD wars!
🔵 What is @optimismFND's Superchain?
🔵 & more!

Best of DeFi's news in 3 minutes ⬇️

[Chris Bakke @ChrisJBakke]

Just applied to a new job at OpenAI. Wish me luck!

[George D @DiGogy]

@cryptoelizB Are u sure? Seems very old thing..

[George D @DiGogy]

@eliz883 🙏😜

[Stoic Lesson @StoicLesson]

5 Stoic lessons from Seneca:

1. We suffer more in imagination than in reality

2. Associate only with people who improve you

3. The greatest remedy for anger is delay

4. Value your time more than your possessions

5. Death is not in the distant future. We are dying every day

[Investitori Folli @Investimeme]

Il #SanValentino perfetto non esi..