@johnrush In theory, probably yes. I disagree though that access to the capital is equal or gonna be equal soon for most. Access to certain communities is also not equal. Jurisdictions gonna be different and gonna influence a lot.
How hard is it to write a simple app that listens to #FOMC , does sentiment analysis (bull/bear) and opens long/short by front running the market? No need to even fune tune a model. The edge is to have the lowest signal delay (mic in the room ideally and local app). Wdyt?
The GENIUS Act just turned stablecoins into a regulated asset class, and barely anyone in crypto is paying attention.
If you care about $USDC, $USDT, or building in DeFi, this law changes everything.
Here's what just became law in the U.S:
- Only banks and approved institutions can issue stablecoins
- Reserves must be 1:1 backed by cash, Treasuries, or Fed balances
- Audits are mandatory
- AML/KYC is non-negotiable
- Reserves must sit with FDIC or OCC-approved custodians
- Foreign stablecoins can be blocked by the Treasury
- Non-compliance = $1M+ fines and possible jail time
This isn't just about making things safe. It's about control too.
TradFi and Big Tech now have a green light to step in, while smaller, rogue players are excluded.
This is the US claiming digital dollar dominance. Innovation will continue, but within strict lanes. The global pressure is on. Other countries may follow.
By the way, this is very bullish for smart-contract platforms such as Ethereum, as it will increase the usage of the blockchain by a lot. The demand for ETH will also increase, pushing the price much higher.
@johnrush John, you are my go to channel for saas world view model updates. Always so concise on point. I wish you build some kind of library of your content
I'm German.
16 years ago, the EU and US economies were neck and neck.
Today, the US economy is 50% larger than the entire EU combined.
Here's the devastating truth behind Europe's ongoing economic suicide π§΅:
@argentHQ@sassal0x@zksync@StarkWareLtd Tested argent on zk, zigzag, zk wallet bridge. All work well. Fees around $1 indeed. Activation is bit more. Between $5-10.
Happy birthday beacon chain!
Here's an updated roadmap diagram for where Ethereum protocol development is at and what's coming in what order.
(I'm sure this is missing a lot, as all diagrams are, but it covers a lot of the important stuff!)
@DesmosNetwork Worked well for me. Connected with ATOM & BAND apps using ledger. Had 0 $DSM originally to pay for tnx fees and still it worked. Wasn't the simplest claim process, but it worked fine. Only unclear step was to actually install Forbole X plugin in Chrome.