* Trust in your instincts. Keep your sense of πΉππππΈπ²π΄.
πMultimuse of two OCs: Matthew and Matilda
πNot new to verse, #UTRP/#DRRP/#MVRP
π[N]SFW, Dark themes emminent.
πMore Info Below.
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Banks moving money on a weekend? That alone feels revolutionary lol. Citi and DBS pulling off tokenized deposits over Swift shows TradFi is quietly catching up faster than people think. Are we underestimating this shift? #Tokenization
yo the US Sheriffs assoc just went from "no way" to "eh, neutral" on the Clarity Act π kinda huge tbh, law enforcement softening up usually means the bill has real legs. progress or just politics? #CryptoRegulation
Funny how Hargreaves Lansdown went from "crypto is too risky for you" to rolling out ETNs the second the FCA gave the green light. Regulatory theater aside⦠this is still a big unlock for UK retail. Bullish long term.
Who else sees this? #crypto
Regulation always feels like a paradox in crypto... we built this to escape gatekeepers, yet legitimacy seems to require them. 45 registrations gone in Australia makes me wonder where the line between protection and control really sits. Thoughts? #crypto
picked up a game theory book this weekend and now my brain won't shut up π§ every chapter feels like it's describing market behaviorβ¦ traders bluffing, incentives, coordination games. wild how much overlap there is with crypto tbh
Imagine holding 600 BTC since 2009 and just now deciding to move it. That's generational wealth built on pure conviction while everyone called it magic internet money. Whales like this don't move for no reason. What's the play here? #Bitcoin
yo so yen intervention + US inflation print dropping the same week? BTC is about to get shaken like a snow globe lol. macro week is gonna be wild fr π
anyone else bracing for volatility? #Bitcoin
yo imagine sitting on 600 BTC for 16 years and just now deciding to move it π³ dude probably forgot about it, found the wallet cleaning out old drives lol. wonder if it's a sell or just a shuffle
whale or ghost? π #Bitcoin
162K jobs added in August β hotter than the 150K consensus. That shifts the odds toward a Fed hike in September, which historically pressures risk assets like BTC in the short term. Positioning accordingly. #Macro
Rate cut hopes fading?
Another "backed by Tether" exchange bites the dust after a $7M hole shows up in the audit. How do custody gaps this big keep slipping through until it's too late? π€ #Crypto
Defi is a central part of the value that Ethereum provides. Financial empowerment is a central part of what it means to have agency and freedom in our current world. Finance is far from the only thing that Ethereum is good for, but it is an important thing. This post discusses how the Ethereum Foundation is approaching defi.
Defi today makes the world's best savings, risk management and wealth-building opportunities permissionlessly available worldwide. We need to build on that.
Ethereum's early defi era was great because it dared to dream and innovate and come up with totally new paradigms (eg. AMMs). Defi tomorrow will bring back that spirit. Don't just "make a better stablecoin", dig a layer deeper, and think about the underlying problem (risk management, hedging one's future expenses), and come up with an even better solution.
But also, as the EF, we are not interested in supporting "onchain finance" or even "defi" indiscriminately. We have a specific vision of what we want to see out of defi: permissionless, open-source, private, security-first global finance that maximizes people's control over their own assets, minimizes centralized chokepoints and trusted third parties, and democratizes risk management and wealth building (the two key goals of finance according to modern portfolio theory) as well as payments. We want protocols that pass the walkaway test: that keep working even if the original team suddenly disappears without warning (or even: becomes hostile / compromised without warning).
Bringing this vision to reality will inevitably take a lot of work. Defi is a complex toolchain, including various onchain components, user-side offchain components (ie. wallet, local agent...), other offchain components, etc.
The things that we care about include areas like:
* Improving security of defi through "traditional" means, eg. audits, standards, wallet-side safeguards
* Improving security of defi through "new" means, eg. AI-assisted formal verification, user-side agents as safeguards
* Oracle security and decentralization (there's A LOT of skeletons in the closet here, we as an ecosystem really need to point a big eye of sauron at it for a while)
* Privacy. Both privacy-preserving payments, and privacy of more complex use cases (eg. what does it mean to have a maximally privacy-preserving CDP? there are clearly benefits in reducing liquidation-sniping risk, but it requires hard tech to get there)
* Open source, and improving the licensing / forkability situation in defi
Ethereum is a permissionless protocol, and nothing stops people from deploying insecure protocols, protocols that enshrine ultimately unneeded centralized trust in the name of convenience, or dopamine-maximizing gambleslop. However, we *are* interested in working with anyone aligned to make permissionless, open-source, intermediary-minimizing and security and user-agency-maximizing defi ecosystem as strong as possible, so that it can be not just individuals and institutions' first choice in Ethereum, but also a globally compelling way to manage funds for anyone who needs its properties.
Interesting shift on $XRP Ledger: daily traders down ~40% YoY, but volume up 79% and TVL past $4B. Fewer retail hands, bigger tickets β classic sign of whales stepping in while noise fades. Bullish or concerning? #XRPL
cooked dinner for the first time in weeks tonight. stood there chopping onions and realized i've been watching candles more than i've been living. charts will print with or without me. this moment won't.