Great question, but a hilarious question coming from a Harvard economics professor whose textbook teaches that government bonds offer risk-free yield because "we owe it to ourselves".
If you look on-chain, Alameda paid back it’s DeFi loans way before it covered anything in CeFi (because they couldn’t say, “trust me bro, don’t liquidate me” to a smart contract) — if you can’t see how this is the future of avoiding calamities, I don’t know what to say
This kind of comment triggers me so much. It is like I don't even exist. I have more than enough $ to never work again. Yet I'm working 24/7 with zero profit intentions, because I want to push humanity forward. Give me half of what SBF burned and we'll be walking on Mars by 2030.
i strongly believe in social welfare, investing in education, and universal healthcare.
i also believe the only the way we can have those things is if we get serious about celebrating competence and winning.
Interesting. @GaryGensler runs to the media while reports to my office allege he was helping SBF and FTX work on legal loopholes to obtain a regulatory monopoly. We're looking into this.
Reminder that Ross Ulbricht is still rotting in a jail cell because 99% of the Bitcoin community that got rich off of his sacrifice chose number go up and let him take the fall.
Calculation of π, from rain falling on two wooden plate sensors, one circular and one square: the number of raindrops that landed on each plate during a storm was counted with an Arduino and π was calculated as the ratio [source & credits: https://t.co/NzaqtxOdqF]
All the problems with Terra1 and Solana should really be a wake-up call. "DeFi" has drifted away from cypherpunk principles. Everyone is just trying to get rich fast with no conscience-unpublished code, security by obscurity, centralized interventions to prop up bad designs, etc.
Potential founders who are afraid of you "stealing their idea" are surreal to me. Ten people in the space already have your idea, I guarantee it. The game is to be the first to get the pieces together needed to build it, and to do that you need to start talking to people.