~Reng~

Nothing special, know a few things.

[~Reng~ @CryptoReng]

KYC/AML is going to be the death warrant of community banking and to a lesser extent the entire banking industry.

What happens when billions of ai agents need access to capital? Banks can’t onboard accounts for ai (maybe some sort of sub account system linking to individual/business??? But that’s just more friction).

Instead, AI agents will use stablecoins and crypto rails because they can do it quick, cheap and without friction of traditional banking. They can plug in directly and bypass our archaic systems.

When the amount of value being controlled by AI increases, the traditional banking system is going to see its light slowly dim until people realize what’s happening and accelerate the inevitable… deposit flight and bank runs.

This isn’t deposit flight moving to other banks though… it’s NEVER going back into the traditional banking system and therefore it will be incredibly pervasive and lasting.

[~Reng~ @CryptoReng]

@0xArasaky @itslirrato Overseas support/delivery staff - one of the wallets only other bets is on cricket matches.

[~Reng~ @CryptoReng]

@MrinankSharma "what I must do becomes clear".

"What comes next, I do not know".

kek

[~Reng~ @CryptoReng]

At ATH: “The four year cycle is over”

Now: “This is a bottom if you look at past cycles”

[~Reng~ @CryptoReng]

@DeItaone Terrible read of required reporting. Every single banks allowance for credit losses is a CAM. Are they all committing fraud?

[~Reng~ @CryptoReng]

@Polymarket What could go wrong

[~Reng~ @CryptoReng]

@CloutedMind And where does the yield come from?

[~Reng~ @CryptoReng]

@davidmarcus I didn’t feel it was my place to speak. Until 12 years later 😂

[~Reng~ @CryptoReng]

Ok. but why not last itme

[~Reng~ @CryptoReng]

Make the Dems actually stand up there and filibuster until Thanksgiving, I bet the needed senators will capitulate. Optics would match reality (they are blocking re-opening).

[~Reng~ @CryptoReng]

@TheBlueMatt Maybe people aren't talking about the work being done because y'all do a shit job at making it known you're doing any work.

[~Reng~ @CryptoReng]

@brian_armstrong @newlimit can you regrow bone and get rid of this joint replacement.

[~Reng~ @CryptoReng]

This is all great and fun but even your analysis points out the problem.

"thats it - if it doesnt end bitcoin - it becomes a decade of resistance point ending"

If it doesn't end bitcoin... The fact that's a non-zero possible outcome is the problem. If your serious you have to consider this.

Sometimes perception matters more than technical accuracy and becomes reality.

[~Reng~ @CryptoReng]

@rukky_nate Buy usdc, worry about it later with more time.

[~Reng~ @CryptoReng]

@MortachThomas @GiantEagle @baseapp @rektdrinks @megaeth @Somnia_Network Were you able to do multiple in one transaction and get multiple codes? Or 1 redemption code per transaction.

[~Reng~ @CryptoReng]

@BitcoinMagazine As if Maduro had the ledger with the reserve up his butt.

[~Reng~ @CryptoReng]

@GovTimWalz Oof. Early retirement coming.

[~Reng~ @CryptoReng]

@CryptoHayes Proof of reserve report is not the same as their financials (audited or otherwise). Equity doesn’t need be reported here.

[~Reng~ @CryptoReng]

Responding that Elons net worth isn’t liquid isn’t really helpful. It’s true, obviously, but nobody that says he should give it all away cares about facts.

They should be educated on value creation and that they are effectively saying we should never progress as a society because nobody should have nice things they’ve earned until everybody does.

Not that they’ll listen to that either….

Second thought, just ignore them and keep working to make the world a better place on average.

[~Reng~ @CryptoReng]

@Square @dangerblue Can someone with lightning expertise explain if this is related to maintaining open channels and ultimate settlement on main?

[~Reng~ @CryptoReng]

@seabiscuitfan @1WingedHussar @Pro__Trading @IndyNanner What are you rambling about?

@grok - please define hurdle rate for this lost soul.