@anammostarac I just asked Gemini 3 about Sowell’s views on multiculturalism and it gave an accurate overview, including direct quotes that could be deemed problematic. Not seeing censorship on my end.
Too many people in crypto have the mindset of: “I don’t care what the rules are for crypto, I just want a clear set of rules adopted and I will follow them.”
WARNING: The draft market structure bills circulating in Congress right now all import the very worst aspects of the Bank Secrecy Act into the crypto ecosystem.
If we don’t fight for our privacy rights NOW, they will never be reclaimed.
@HesterPeirce has been warning the crypto community (starting about 2 years ago) not to trade away our privacy rights in order to get crypto legislation enacted.
As usual, Hester was right and that is exactly what is about to happen if the crypto community does not speak up and object now.
I've been reflecting on our episode with Gary Gensler's lieutenant Corey Frayer this week.
There's something I wish i said to him.
The thing that pissed us off about the Gensler crusade and Operation Chokepoint was the absolute hubris.
You used hallowed American institutions to target an industry you didn't like for ideological reasons.
In the words of a judge in a court case you lost - it was arbitrary and capricious.
And in using the SEC and OCC and DOJ as ideological weapons you damaged the legitimacy of these great institutions you say you serve.
Now that crypto is fighting for its survival you're claiming money in politics and corruption.
Before you criticize look in the mirror - you caused this.
Tens of millions of Americans want access to crypto and decentralized finance - that's why the industry exists. You never had the authority to block them from it.
You expect us all to just roll over and die?
No, we don't trust the crypto banks anymore than we trust you. But true crypto doesn't ask us to trust.
True crypto gives power back to the the individual. That's something you never acknowledged and fought to make impossible.
But we're doing it with DeFi.
Protocols not people.
Code not kings.
ok, apart from the fact that it's quite obvious the market is valuing ETH as store of value asset let me say something about why P/S for ETH is dumb using grade school logic
Ethereum is expanding it's blocks - it's scaling
As it scales transactions get cheaper until demand catches up and blocks are full again, then scales more
This repeats over and over so that "sales" S only go up in temporary periods of time when demand exceeds supply
When Ethereum scales S goes down
So if you value ETH on P/S alone you are net bearish on Ethereum scaling which is the dumbest possible position to take - not even ETH bears take this position
Especially - because as blocks scale and more economic activity uses Ethereum as the root of trust, then ETH the asset increases SoV network effect
We have an example of SoV network effect that no one in crypto questions - it's called bitcoin, how is it blowing mind that this phenomenon can happen twice
And if you don't believe the SoV thing - and you think btc is the only special snowflake - the only logical exit ramp is for you to conclude that non btc L1 assets should collapse to commodity price - short every blockchain in crypto, maybe ETH and Alt1s are collectively worth a few billion, if that
We've been having this debate since John MF Pfeffer wrote the ETH is gas paper in 2018 and since then ETH has delivered 20x so i think you have to say it's invalidated
You have two options
Either consider the market is right and P/S is missing something important for ETH OR short everything in crypto to zero besides BTC and the apps
@SportsRadioWIP Here is the solution. Integrate Hurts back into the run game. Best case, the run game improves as the defense has to account for him. Worst case, he gets injured and Tanner McKee gets to play. Either way, it’s better than the current situation.
@EaglesXsandOs I know you have probably already done the analysis, but how does the incidence of bad things (turnovers, sacks) increase when teams pass on 3rd and 8+?
@eigencloud@blockworks@jt_rose Please, stop using the word “verifiable” for everything. It does not resonate (even if true). Instead, explain the benefits of verifiable AI in plain English. Also, at the end of the day, Eigenlayer is really just onchain insurance. Explain as such.
Greed in tradfi is little different than greed in crypto
Greed is ever present... it's a derogatory term for profit maximizing, which all people engage in.
When you see a disparity such as this forex pair at the airport, it's not due to excess greed (indeed the greed of a competitor should've brought that price spread down), but due rather to inefficiencies, sometimes caused by the market, but usually caused by regulatory obstacles.
In this case, it's illegal for an app developer to offer frictionless forex trading on a mobile device, in which funds can be instantly paid also from the phone to any vendor.
It's not in your hands because of regulation.
Greed of the businessman takes the blame, but the culprit is the unseen folly of regulatory machinations. Or, perhaps you could call it the greed of the regulator in his pursuit of control.
Crypto solves this kind of problem not because its adherents are less greedy, but because the tech, at its best, can transcend such machinations, and obviates such control.
@SpikeEskin The play calling is also a major issue. Run/pass is entirely predictable based on formation. He misuses his players (relying on Calcaterra to block). Over reliance on heavy formations. Route concepts repeated over and over again. He looks overwhelmed as a play caller.
@SpikeEskin Patullo was the passing game coordinator for those seasons as well. I don’t know how much power a passing game coordinator has, but he has been a constant as well.
A government is the “biggest gang,” with a local monopoly on violence.
It’s good at preventing and stopping things.
It’s bad at building and running things.
Its main job is law and order, and a government which fails at that, is a failed government.
The next challenge isn't just mainstream adoption of crypto, but preservation of true decentralization.
Some will settle for "fintech 2.0" — walled gardens on permissioned chains that juice TradFi margins but do little to change the system.
No thanks. Permissionless or bust!