“[W]e have alienated a generation of product innovators within our space. Our unreasonable approach to these applications has signaled that regulatory prejudice against new products and services can lead us to sidestep the law and unreasonably delay product launches. The industry has logged hundreds of meetings, has filed submissions, withdrawals and amendments, and ultimately had to resort to a costly legal battle to get us to today.”
Thank you @HesterPeirce 👑
https://t.co/o4ko6JOwFe
5/ Going forward the legal process will provide an open and public forum before an unbiased body where we will be able to make clear for all to see that the SEC simply has not been fair, reasonable, or even demonstrated a seriousness of purpose when it comes to its engagement on digital assets.
The technological path forward is on-chain accounting.
First simple payments, then smart contracts, and eventually full financial statements.
Proof-of-reserves-and-liability is the first step towards that.
Some thoughts on today's CPI and the role of rents:
1) We continue to see CPI’s rent data lagging behind real-time rents – and not just for new leases.
2) Asking rent growth MoM peaked in July 2021 for market-rate apartments, and renewal rent growth peaked one year later...
Beware the impulse to preach that "we must make sacrifices for the sake of peace" but suggest only sacrifices where other people are the ones sacrificing while you give up nothing.
Instead of telling kids not to play video games, adults should play too.
Compared to kids who don’t play, those who play 3 hrs/day have better working memory & impulse control. Experiments show cognitive benefits for adults too.
Video games are a form of exercise for the brain.
The Starlink arbitrage has just begun.
Real estate globally gets repriced as a consequence of remote work. The hinterlands now have internet.
This secular trend should shine through the noise of all the housing price manipulations.
Top 1% of Americans (by wealth) own 53.1% of all stocks in United States; top 10% own almost 89% and bottom 50% own less than 1%
@federalreserve @biancoresearch
Decentralized social media is on the horizon (as we’ve known for a while).
And nice to see in plain English the risk of large entities being captured by the state or activists.
And we finalized!
Happy merge all. This is a big moment for the Ethereum ecosystem. Everyone who helped make the merge happen should feel very proud today.
1/ Coinbase is funding a lawsuit brought by six individuals challenging the Treasury's sanction of the Tornado Cash smart contracts. https://t.co/DkMHtyt0zR
Today the @WhiteHouse announced that all federally funded research will be made openly available. Importantly, it eliminates the 12-month embargo. This is the result of decades of work by @SPARC_NA, @petersuber, @mbeisen, and so many more. #OpenAccess https://t.co/baSNzXPh4Y