@BC25Official @intangiblecoins I agree. It's time. But remember that the voting system is faulty by design. Otherwise politicians would not be able to rig elections and pull different levers for votes.
This is where we start to get into the problems/ethics of identity solutions, and blockchain can help big.
@fartcon5 @Bitwise@chainlink not saying the network can’t function or that the token has no role, more focused on what this means for token value. If LINK isn’t structurally required in every transaction path, then its price action is solely dependent on network adoption and usage.
@fartcon5 @Bitwise@chainlink My understanding is ERC-677 was chosen to streamline the “pay + execute” flow, so LINK transfers trigger oracle requests in one transaction. Pmt.abs is neccessary as LINK isn't viable as a settlement layer, and something like USDC could just as easily power pmts. I'm w u there.
@fartcon5 @Bitwise@chainlink I'm no developer but I view ERC-677 as choice, efficiency and UX, not a fundamental requirement for. If payment and execution continue to decouple, ERC-677 becomes more of an implementation detail, and LINK shifts more toward a coordination role.
@fartcon5 @Bitwise@chainlink payment abstraction was the death of LINK token appreciation. At this point, they should just go public bc the tokenomics just don’t make sense. I have attended SmartCon twice, big on chainlink’s utility but not the token
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Aave Labs is launching zero-fee on and off-ramping for @GHO and other stablecoins in Europe across Aave's various products.
Cash to DeFi will soon be a frictionless experience across the Aave ecosystem.
Here’s what I think will happen in NYC under Mahdami.
The free buses and government grocery stores won’t happen, they never do. They sound good during campaigns, but collapse under basic math. You can’t run a city on ideas that cost billions and produce no revenue.
The only way to make housing affordable is to build more housing. The free market lowers prices, not regulation. Every time politicians try to control rent or force affordability by decree, developers stop building and landlords stop maintaining. Supply dries up, the quality collapses, and the few properties that remain skyrocket in price.
Once landlords can’t make a profit, they sell, lose properties, or walk away. Eventually, the government takes over.
Taxes will rise to pay for the promises, and the middle class will be the ones shouldering the burden. The rich will relocate, the poor will depend on subsidies, and the productive class will be squeezed from both sides.
Thriving businesses are the foundation of any thriving city. When they leave, everything else follows, jobs, schools, grocery stores, stability. Chicago already proved this. Boeing, McDonald’s, Caterpillar, Citadel, nearly 70k jobs, all gone. Now they’re facing billion-dollar deficits, half empty schools and neighborhoods without grocery stores.
I saw someone who lived in a rent-controlled apartment in California put it perfectly, he said his landlord could no longer afford maintenance so the pool was filled with dirt, the floors had soft spots, and the foundation ended up cracking. That’s what overregulation does, it destroys quality.
People who voted for this will eventually feel the pain but they won’t blame the policies or the politicians, they’ll blame the rich for leaving.
This conversation is always difficult because most people simply don’t understand market dynamics or incentives. In a free society, people act in their own self-interest. If you remove profit and reward dependency, productivity dies and the city with it.
If you think things are expensive now, just wait until they’re “free.”
on blockchains, nation states, and the trillion dollar question:
over the next decade, nation-states will use blockchains to project soft power as a way to distribute their money and influence globally (read my quoted tweet below for more).
we’re entering a world where entire currencies will be issued, settled, and distributed on public infrastructure.
but once you follow that thread, you run into the trillion dollar question:
WHERE does this actually happen?
here’s the problem: if one state controls the rails, others won’t trust them.
> if the u.s. issues a digital dollar on a u.s.-controlled chain, china won’t settle there.
> if china issues a digital yuan on a chinese chain, europe won’t settle there.
> interbank ledgers sound cooperative but ultimately favor the biggest stakeholders.
> private corporate rails would fail politically because no sovereign wants monetary policy dictated by big tech.
without neutral infrastructure every player fears capture!
the only rails that scale globally are the ones no single actor can control.
that means:
> no one government can unilaterally rewrite balances.
> no privileged backdoors for one central bank over another.
> anyone can verify the rules without asking permission.
this is why tcp/ip became the backbone of the internet.
the u.s. didn’t own it,
china didn’t own it,
no corporation owned it
and its subsequent neutrality created unstoppable network effects and adoption.
as the world economy consolidates onto global ledgers, neutrality stops being an ideology and becomes a weapon. control the rails and you control who trades, who gets sanctioned, and who gets excluded. in a multipolar world, no state will willingly subordinate itself to another’s infrastructure.
the only sustainable strategy is to settle on rails no one owns. the endgame is neutral trustware vs captured rails, and once you think in those terms, it becomes clear:
> there will be hundreds of local chains
> dozens of private pilots
> but a few global settlement layers will dominate.
history suggests they’ll be the neutral ones.
On this date 8 years ago, the Chainlink whitepaper was released to the world.
Since 2017, Chainlink has evolved from just an idea to becoming the industry-standard oracle platform enabling tens of trillions in transaction value and securing nearly $100B for the vast majority of DeFi markets.
Up next?
Bringing the whole world onchain.
Another defining week for tokenization adoption, with significant developments from regulators, banks, and tech companies.
The SEC pushed for unified trading frameworks, Google Cloud unveiled institutional blockchain plans, and banks embedded USDC into payment systems. The takeaway is clear: onchain infrastructure is no longer experimental.
Here’s what you need to know. 👇
1️⃣ SEC Chair Paul Atkins signals SuperApp approach to modernize the U.S. financial system
SEC Chair Paul Atkins outlined the SEC's "super-app" approach to unify trading of traditional securities, tokenized securities, and non-security crypto assets under a single license. The initiative reflects the SEC's recognition that traditional assets and financial infrastructure are rapidly moving onchain, requiring updated regulations to support this transition while maintaining market integrity.
https://t.co/HfmzPl7qfq
2️⃣ Finastra partners with Circle to enable stablecoin settlement for cross-border money transfers
Finastra has partnered with a subsidiary of Circle Internet Group to allow banks to integrate USDC settlement into cross-border payments. This collaboration will utilize Finastra’s payment hub solutions, starting with Global PAYplus (GPP), to connect financial institutions to Circle’s payment infrastructure, facilitating faster and more affordable international transfers.
https://t.co/m58SYhHIZH
3️⃣ BCG publishes Impact of DLT on Capital Markets Report
“The stage for mass adoption of tokenization in capital markets is set, driven by clearer regulatory pathways, mature technology platforms, and committed institutional participation. Now is the time for coordinated action to harness the benefits of DLT, modernize financial infrastructure, and support sustainable economic growth.”
https://t.co/R4trFMwsXC
4️⃣ Google Cloud advances development of its institutional Layer-1 blockchain, GCUL
Google Cloud formally positioned GCUL as a Layer-1 blockchain for institutions, featuring Python-based smart contract support and designed as neutral infrastructure for global finance. The platform aims to support tokenized assets, wholesale payments, and global settlement, with CME Group already piloting the technology.
https://t.co/xU3CFyZsly
5️⃣ CFTC clears path for non-US crypto exchanges to serve the U.S. market
The CFTC's Division of Market Oversight issued an advisory on the foreign board of trade (FBOT) registration framework, allowing non-U.S. entities to provide Americans with direct access to their trading platforms. The framework applies to all markets, including both traditional and digital assets.
https://t.co/N1N6qm9HAB