The #SEC's attack on #Binance not only undermines the freedom and innovation of cryptocurrencies but also raises concerns about its role as a tool wielded by traditional banks to suppress the growth of digital currencies.
I'm skeptical that we can get anywhere close to mass adoption with the current state of self-custody wallets.
Most people can't even remember their passwords - we can't expect everyone to keep their keys safely.
People always gravitate toward convenience
What's the solution?
I remember when $ETH was $950, everyone was screaming for lower.
When I said I was DCAing, the common responses were:
"nah, I'm waiting for the bottom"
"it's going to $500"
"it's gonna go way lower"
Lesson: Stay objective. Stick to your plan. Ignore the echo chamber.
I don't think people will be enthusiastic to lock their tokens up in the next cycle.
The extra yield is nice, but optionality is its own reward.
It'll be interesting to see how tokenomics evolves in DeFi.
There's a non-zero chance some CEXs fall this cycle.
Decentralized alternatives could see a rise in interest.
DeFi Protocols are beholden to on-chain analytics.
They're also run by smart contracts.
In theory, they're remarkably more transparent.
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