The truth is that @FTX_Official have gained prominence only because @coinbase remained commited to Satoshi principles and did not yield to the threats of the today's Roman Empire"
Coinbase is putting itself on the line by funding a lawsuit that challenges the U.S. Treasury's sanctioning of Tornado Cash, @davidzmorris writes.
Essay for "The Node" newsletter.
https://t.co/l3nVAXpT3n
Cefi has avoided real-time auditing and proof-of-reserves entirely.
Defi exhibits it by default.
Yet, the former is referred to as compliant and respectable, built on "institutional trust," while the latter is disparaged as the unregulated Wild West.
The Empire vs The Rebels
Some say S2F model failed. Yes, EMH says it's impossible, there is autocorrelation (because nothing happens between halvings) and we cannot apply cointegration tests to nonrandom S2F ratio.
But #bitcoin did pump after 2020 halving!
And IMO BTC will bounce back to S2F model value.
This is still our biggest chance to show the IMF, China Belt & Road & the world that that there is a new game in town called #Bitcoin - El Salvador Weekly: Bond Buyback Hopes to Stem Bitcoin-Related Default Fears https://t.co/MjM3HGLnV8 via @pymnts@nayibbukele