m8τrix.eth

International traveller for 8+ years. Serial B2B Startup Operator & Founder.

O yeah and crypto.

[Vince Mpls @vincempls]

March 1933 The Enabling Act becomes law in Germany, giving the chief executive power enforce his own laws without checks and balances. The passing of the Act marked the formal transition from democratic republic to totalitarian dictatorship. 6 months later, it was a 1 party state

[KP Woods @mr_pachhai]

8/ 🌐 Looking Ahead:
- Future releases will include an SDK for building custom applications on Nuklai which the Nuklai Wallet will utilize
- Support staking mechanism on the wallet

Check out more info at https://t.co/vdDVZB6F3b

@NuklaiData $NAI @avax

[Rachid Ajaja 🇲🇦🇨🇭🇫🇷 @AjajaRachid]

I'm thrilled to share that I've been invited to participate in the Tokenisation Workshop at the @EU_Commission as a core participant in discussions on DLT interoperability and standardisation.

At @Nexera_Official , we've been at the forefront of standardisation efforts, developing our Nexera Interoperability Protocol to ensure seamless interoperability of tokenised assets across different chains. Our pioneering work on the ERC 7208 standard is set to unify all standards, making interoperability a reality.

Meanwhile, at @EvergonLabs , we are building robust APIs and SDKs to integrate tokenisation solutions with legacy systems, ensuring a comprehensive and cohesive ecosystem. Our commitment to compliance in tokenisation is further strengthened by @NexeraID , which offers advanced Web3 compliance solutions. NexeraID enables programmable compliance rules embedded within issuance processes, ensuring that tokenisation adheres to regulatory standards seamlessly. Additionally, with @Nuant_official , we are enhancing the management of digital assets, including tokenised assets, by providing institutional-grade digital asset management and risk management platform.

Being able to contribute to these crucial discussions at the European Commission is a testament to the hard work and dedication of our teams at Nexera, Evergon, NexeraID and Nuant. This milestone is a significant step towards a future where blockchain technology and tokenisation are seamlessly integrated into the global infrastructure.

Looking forward to sharing our insights and driving the conversation forward!

#Blockchain #Tokenisation #Interoperability #Standardisation #Innovation #DLT #EuropeanCommission #compliance #ERC7208 #NIP

[m8τrix.eth @GreypSoda]

Anyone can "tokenize" manually.

Just like anyone can offer a stablecoin or lend on the blockchain.

But to create AUTONOMOUS INFRASTRUCTURE for tokenization that's agnostic to use case, functionality, regulations....

That is called an innovation.

LFG @Nexera_Official #RWACTS

[Rachid Ajaja 🇲🇦🇨🇭🇫🇷 @AjajaRachid]

https://t.co/Vtwmeem6lC 👀

[m8τrix.eth @GreypSoda]

Imagine Zapier-like integrations & Google-like search for a database of the world's facts.

Combined with a decentralized network of contexualized data, you have quite a "hub" to fuel the info needs of businesses, software, and AI.

As AGI evolves, the sky is the limit here. $NAI

[Matthijs de Vries 🧬 @MatthijsDeVries]

When you hear "data", what do you associate it with? Personal data? Business data? IoT data? These types of "generated" data can be monetized and are hard to get.

But there's another type of data. The data that's always around us: Reference Data (https://t.co/n35oVTsuUE).

Reference data isn't generated. It's static data that rarely sees changes/updates.

Some examples of reference data are:
- ISO 4217 - Currency codes
- ISO 639-1/2/3 - Language codes
- IEC 60050 - International Electrotechnical Vocabulary
- ICD-10 - International Classification of Diseases
And so much more!

These examples are heavily guarded standards and are used globally. However, there is much more reference data, everywhere around us: the colors used in flags, color ranges and names in general, the natural elements, and so on.

Reference data is going to play an extremely important role in @NuklaiData's ecosystem. Our aim is to gather all the reference data in the world, so that businesses that onboard their data to Nuklai, will be able to enrich it with extremely deep stretching fact-based reference data.

Having all that reference data available at your fingertips will lead to unimaginable insights and new use cases.

We are here to onboard the world's data. Our contribution to the world is the Nuklai World's Ontology.

THIS is what we are working towards.

And YOU can contribute too. You don't need to be a developer, a data scientist, or anybody to help contribute to this ambitious mission.

Keep an eye out to Nuklai's socials while we are working on providing easy-to-use tools where you can help onboard the world's data, while getting rewarded for it.

Also keep an eye out on Nuklai's bulletin board: https://t.co/dQfDSDGets

Data bounties are coming 👀

Let the hunt begin 🔥

$NAI

[Nassim Nicholas Taleb @nntaleb]

The United States is so structurally dependent on cheap labor from "illegal" immigration that any sudden restriction would, in a nonlinear way, lead to explosive inflation.

[m8τrix.eth @GreypSoda]

@bartcharts Literally everything in this tweet is a blatant lie.

Price 6 months ago was $0.06

Price is down -40% in 30D, which is the same as TOTAL3 and not unusual during corrections.

Your youth is slipping through your fingers as you sit on a PC every day obsessing over anon attention.

[Anthony Michael Kreis, FRHistS @AnthonyMKreis]

Unbelievable that Supreme Court justices who see forgiving student loans, mandating vaccines, and regulating climate change as a slippery slope toward tyranny were not clear-eyed on questions of whether a president could execute citizens or stage a coup without being prosecuted.

[m8τrix.eth @GreypSoda]

@blknoiz06 Buy businesses from boomers. Been a gold rush since 2021 and it's ongoing.

[Kris Kay | 🎲 444 Capital @thekriskay]

soo…Bitcoin working towards being where Ethereum was 5 years ago - got it. $ETH

[Elizabeth Goitein @LizaGoitein]

The provision effectively grants the NSA access to the communications equipment of almost any U.S. business, plus huge numbers of organizations and individuals. It’s a gift to any president who may wish to spy on political enemies, journalists, ideological opponents, etc. 3/10

[m8τrix.eth @GreypSoda]

@blknoiz06 God speed 🫶

[m8τrix.eth @GreypSoda]

@MHiesboeck 👀 @AjajaRachid

[Austin Campbell @austincampbell]

So I am reading the Lummis-Gillibrand stablecoin draft and one of the things that makes it really, really hard for me to be optimistic about these efforts sometimes is when there are catastrophic basic failures within these bills that I know are based upon things the folks in the crypto industry are asking for. What do I mean in this case?

Let’s talk about a niche and nerdy issue, which is the exact reserve requirements. What is in this bill? Physical cash (LOL), bank deposits, 90 day or less T-Bills, and repurchase agreements of up to 7 days.

To most people? This seems innocuous. To me? Reading that was where my wife asked me why a vein was bulging in my forehead.

Here are the problems:

First, we have a serious technical problem, which is applying the limitation to specific T-bills instead of the portfolio: always do the portfolio people! You don’t want someone going all the way out to 90 days with everything. 60 day or less weighted average maturity for the entire portfolio please.

Second, we have an even number problem in that what is the maturity of a 3-month T-bill on issue? Well obviously 90 days, I hear the peanut gallery scream.

WRONG

It’s often 92 or 93 days, because of weekends, day count conventions, auction schedules, etc. Do we really think that large stablecoins should not purchase bills in auctions but it’s safe to wait two days and buy them secondary? This is just complete ignorance of the actual technical design of a market and the kind of thing that sounds to tradfi people like when the tradfi people talk to crypto folks and ask them if they issued ethereum on the Bitcoin blockchain type shit.

Third, the single most important financial instrument for maintaining liquidity while eliminating counterparty credit risk is NOT ON THE LIST OF ELIGIBLE INSTRUMENTS.

This is like building a car with the goal of safety but banning it from having seat belts. What are we even doing people? Here’s a hint: if overnight reverse repurchase agreements (not repo, again, reverse repo) is not on the reserve list, here is what you do: stop reading and oppose the bill.

Why do I feel so strongly about this?

Reverse repo is when you lend out your excess cash (so you don’t have to put it in bank deposits, for which you cannot get FDIC insurance at scale), and the collateral you take against those in stablecoins should be limited to treasuries (and maybe agencies).

This can be recalled daily, or T+0, so it is more liquid than T-Bills. You have two layers of credit protection: the counterparty of your loan (usually a giant bank), and then the treasury collateral if they fail. You also have right way credit risk, as if they fail those treasuries will go up in value as people panic.

It’s the key tool. Note that Blackrock uses this in Circle’s reserve fund and at Paxos we did a ton of this with one of the large custodian banks.

Want to know why BUSD sailed through all the bank failures with no peg issues? This is probably 90% of why.

Lastly, it lets you do something magic that prevents the Fed from (correctly, imho) arguing that stablecoins are a net liquidity drain and should be banned:

In a time of stress, I can repo out my t-bills, get cash, and reverse repo that cash for longer dated treasuries. This means I don’t trap all the t-bills inside a stablecoin (essentially QE) if it scales; you actually become a net liquidity provider, not drain, in times of stress.

Wonky stuff? Yes. Super important we get it right? Also yes. Should we be taken seriously if we can’t understand, fix, and advocate for these things? No.

[m8τrix.eth @GreypSoda]

@paoloardoino @AjajaRachid

[m8τrix.eth @GreypSoda]

@real_philogy @MatthijsDeVries

[m8τrix.eth @GreypSoda]

@lightclients @MatthijsDeVries

[m8τrix.eth @GreypSoda]

@adietrichs @AjajaRachid

[Austin Campbell @austincampbell]

This is, unfortunately, the advice I have given to several of my clients as well.

Think about that: I'm an American, I've testified in front of Congress because I care about this issue, and I believe in this tech.

And I'm telling our best and brightest to leave.

[m8τrix.eth @GreypSoda]

@josephdelong Next up EIP-7208! @AjajaRachid