the willingness of the protocol architects to rapidly iterate on the core protocol parameters makes investing heavily in efficiency-enhancing processes less attractive. https://t.co/sWxoRvky8t
Cryptocurrency firms in Singapore can now draw upon detailed guidance for their license applications to offer regulated services in the city-state. https://t.co/jexWLatUup
In 2002 I was working in Amazon’s retail division. We were organized by department - books, CDs, electronics, etc - and a separate dept for products sold by 3rd parties. Then Bezos decided 3rd party should appear next to 1st party on the same product page. Here’s what happened:
"The explosive increase in Ethereum’s hash rate appears to be heavily influenced by the rapidly growing Decentralized Finance (DeFi) sector..."
https://t.co/CoNHUD2wAL
"The cryptocurrency field is a place where everything changes in the blink of an eye. New technologies, key market players, and trends shift much faster than in any other industry."
https://t.co/UdDcXaSGDg
The United States just witnessed the worst quarterly drop in its GDP in history. By contrast, Bitcoin’s market cap doubled during that same timeframe. And Ethereum has fared even better.
https://t.co/8ecHVJYEXT
A lot of the flashy stuff is very exciting, but it's short term; the reality is that there's no way that defi will have interest rates more than a percentage point above the best of traditional finance in the long run.
Most currencies have built-in protections against inflation, which are hard to change on account of their decentralized nature.
https://t.co/uPp9kYRYeQ