@CryptoParadyme Blackrock kills IBIT by invoking the Amendment & Dissolution clause over security and custody risk
They liquidate all BTC custodied with Coinbase
[highly unlikely given fee incentives and ETF success, but this is the FTX-esque scenario where everyone thinks it’s over forever]
@CryptoParadyme Major exchanges (Coinbase) broadly shipping AI-gen code causes unprecedented exploits
+ Mythos finds a backdoor to a major hardware wallet
+ IRL crypto kidnappings continue to rapidly accelerate
Extreme fear of using exchanges and self custody, so what’s the point of crypto
Sam Altman said AI budgeting has recently become a "huge issue" for some companies, something that "never came up" earlier this year. https://t.co/P2zODBNmDp
@darran0x provenance makes the asset credible and owning it makes a wallet/account look more human and internet native
so if agents need credible identity wrappers, they have to buy them from existing holders
basically agents become the marginal buyer and we all get rich (again)
@darran0x i've been thinking about this recently too. maybe the loose narrative is OG NFTs become scarce pre-AI identity assets
if agentic everything comes on chain, then identity becomes more important