g2b3

Investing and building at Tolmie Bay

Relentlessly curious.

[Sina Kian @SinaKian1]

I've read and thought about the Ripple decision for a few days now, and here are some thoughts from the perspective of someone with an appellate law background. (I clerked on the DC Circuit and the Supreme Court, and practiced as an appellate lawyer.)

[Alex Krüger @krugermacro]

16/ And that makes sense. After all, markets are pricing mechanisms, and what truly matters is not if data comes in positive or negative, but if data comes in better or worse than what is priced in.

[Jake Chervinsky @jchervinsky]

1/ SEC Chair Gary Gensler has wrongly prejudged that all digital assets are securities.

As a result, federal law requires that he recuse himself from all enforcement decisions related to digital assets.

@MTCoppel and I wrote a paper explaining why 👇
https://t.co/xgJ09o4SPS

[Paul Grewal @iampaulgrewal]

Today @coinbase filed our answer and notice of intent to file a motion to dismiss the @SECGov case against us. You can read our response for yourself – our arguments speak for themselves. 1/2 https://t.co/Ld2ZEejhyM

[Justin Slaughter @JBSDC]

Strategically, the SEC really needs to keep House Dems away from the negotiating table on McHenry-Thompson.

Once Dems starts suggesting there are specific changes to the legislation they’d need to support it, the bill’s odds of passage go up.

[Brian Armstrong @brian_armstrong]

Regarding the SEC complaint against us today, we're proud to represent the industry in court to finally get some clarity around crypto rules.

Remember:
1. The SEC reviewed our business and allowed us to become a public company in 2021.
2. There is no path to "come in and register" - we tried, repeatedly - so we don't list securities. We reject the vast majority of assets we review.
3. The SEC and CFTC have made conflicting statements, and don't even agree on what is a security and what is a commodity.
4. This is why the US congress is introducing new legislation to fix the situation, and the rest of the world is moving to put clear rules in place to support this technology.

Instead of publishing a clear rule book, the SEC has taken a regulation by enforcement approach that is harming America. So if we need to avail ourselves of the courts to get clarity, so be it.

Btw, in case it’s not obvious, the Coinbase suit is very different from others out there – the complaint filed against us is exclusively focused on what is or is not a security. And we are confident in our facts and the law.

We'll get the job done. In the meantime, let's all keep moving forward and building as an industry. America will get this right in the end.

[Matthew Kobach @mkobach]

This chart blows my mind.

I would have expected the bottom right quadrant to be the most populated, not the least.

[Chris Burniske @cburniske]

When cryptoassets are just assets.
When cryptonetworks are just networks.
When cryptoeconomics is just economics.

Then, our vision will be the new default.

[g2b3 @g2b3_]

@BradyDale @rleshner Hi res DSLR would do the job just fine. Stitch it in post for a single image NFT, or leave the images as-is for a series as you've posted here.

Regardless, quality work and well done persisting to see it through to completion.

[zk-🦈 @ZK_shark]

Every single video lecture from Gary's MIT "Blockchain and Money" course is made available via @MIT, EXCEPT one - Session 18.

Session 18's lecture slides are also not publicly available.

However, the study questions for session 18 are still up - the class is titled "Secondary Markets & Crypto-Exchanges" - I'll link the questions below....

Digging a bit deeper, in session 17, Gary mentions a guest (s) speaker in the video lecture - see below.

The Founder of ICE - Intercontinental Exchange, Inc.

@mit please release the session 18 video lecture, I would like to complete the course

#Genslertapes

[g2b3 @g2b3_]

@ericjuta Eric sent you a DM regarding NECC DAO redemption. Could you have a look and give me a reply?

[g2b3 @g2b3_]

@twobitidiot Posting this on April 1 is Ryan's way of testing the water - guage follower sentiment - without committing to a campaign. If negative/mixed, obvi was April fool's joke. If positive, even motivational, light's the fire in his arse to follow thru

[Hayden Adams 🦄 @haydenzadams]

DEX vs CEX volume ratio is at an all time high

up 25% since the FTX collapse

🚀

[Logan Jastremski @LoganJastremski]

I've always been a fan of @bankless

@TrustlessState and @RyanSAdams pushed the industry forward in away that many others could not. Connecting with Industry leaders and having them explain complex topics in a digestible format.

A thread from an outsider's point of view 🧵

[Chris Burniske @cburniske]

We cannot expect governments, corporations, or other large, faceless organizations to grant us privacy out of their beneficence. It is to their advantage to speak of us, and we should expect that they will speak.

-Eric Hughes

[Jesse Powell @jespow]

I have a theory:
Regulators let the bad guys get big and blow up because it serves their agenda.

1. destroy capital/resources in crypto ecosystem
2. burn people, deter adoption
3. give air cover to attack good actors

The bad guys are actually on-side. Good guys are the enemy.

[Brian Quintenz @BrianQuintenz]

From @HesterPeirce's dissent in Kraken:
"A paternalistic and lazy regulator settles on a solution like the one in this settlement: do not initiate a public process to develop a workable registration process that provides valuable information to investors, just shut it down."

[Maria 🐸 @MariaShen]

1/ Time for the 4th annual @ElectricCapital Developer Report!

This year we are also proud to launch https://t.co/7Z8o63my4T -- showcasing the data behind the report.

We analyzed 250m code commits and 300+ people contributed to this year's report.

Let's dig in👇

[_Checkmate 🟠🔑⚡☢️🛢️ @_Checkmatey_]

Thread of a few #Bitcoin pricing models that caught my eye as we hammer out this bear market (floor?).

First off, we are attacking the underside of the 🔴 Short-Term Holder Cost Basis $17.8k.

Note also clustering of all cohort Realized Prices = a homogeneous market of HODLers.