lebtraf

Senior Dev in...

[MartyParty @martypartymusic]

Coinbase and Binance are at war.

How we got here: Coinbase chose a weak technology in Ethereum, then chose a weak fix via inventing a irrational second layer in Layer 2 which breaks web3 first principles immidiately.
Binance forked the weak technology to make Binance Chain and just run it on a few servers to bypass its scalability issues with a non existent security model and the lowest Nakamoto Coefficient in the game. Neither will ever run faster than 200 tps. Neither should ever have happened and should have been readdressed years ago. However they are both building on a broken software and are just doubling down.

They are putting lipstick on the pig and building apps on top of their weak stacks using your extracted liquidity. Ive narrated how they do this for years. They control the markets, which have no regulatory rails, allow wash trading, and have deep political influence in all jurisdictions. They control the fiat/crypto exchanges so they have infinite power over the pricing in dollar terms of all crypto. They use this power to gaslight you.

The high level picture. We are using cryptography and moores law to reintroduce trust into our society to rebuild the world and globalize around global money and global finance. Neither of these corporations are trustworthy. You know that.

This is technology and software, code does not lie, neither do permissionless blockchains. Corporations almost always lie to get ahead. This is happening with Oracle my previous employer and the Open AI deal, it happened with Microsoft which led to Bill Gates evil empire, and is now shifting to C and B. These are companies trying to beat existing companies by grifting crypto narritives, the latest hot narritive, the same old story.

They do not understand the software or permissionless finance, they just want to win. Its a war. They dont benefit from permissionless finance. They benefit from centralized rent seeking and fiat/crypto pricing control.

Counter: Now you know I always say "do you want to rich or do you want to be right?" and there is a lot of liquidity to be extracted from these centralized gamifications to draw your attention, but there is zero evolution to these products. They are simply reinventions of the existing problems.

I know this, the industry knows this, any technologist knows this, Im just here to let you know so you are not gaslit.

Permissionless or nothing. Thats the evolution of crypto. Anything bridged centrally, anything with escrow windows and closed source, IS NOT CRYPTO.

The biggest risk to crypto lies in these corporate wars and their centralized stack of lies and layers.

Remember this post.

[lebtraf @lebtraf]

@BckyrdBandwidth Commenting on @BckyrdBandwidth for the lifetime giveaway...

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@AndrejWorks Burger

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[lebtraf @lebtraf]

@grundstromleo NICHE

[lebtraf @lebtraf]

How much in Bitcoin 🤣 ?

[DiscussingFilm @DiscussingFilm]

Warner Bros is selling 10 “fully functional but not street legal” Tumbler Batmobiles from Christopher Nolan's ‘DARK KNIGHT’ films

Each is priced at $3M.

[lebtraf @lebtraf]

@ylecun Perception or reality ?

[lebtraf @lebtraf]

@KeithOlbermann @elonmusk @POTUS @ylecun

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@ZyraCreates Channels

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@zen_yta Niche

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@patrykrx Send

[Magoo PhD @HodlMagoo]

Just an FYI but @Ledger’s are now made in Hungary. Totally unrelated but the company (Mossad shell company) that made the exploding pagers for Israel was Hungarian as well. #Bitcoin

[lebtraf @lebtraf]

@TommiBooks Book

[ZachXBT @zachxbt]

7/ While this is a cautionary tale and hopefully this will help lead to arrests here are some measures you can take to protect yourself.

>Avoid sharing personal information or details about your crypto holdings to “friends” or to flex on social media

>Monitor your personal information when it is exposed online so you can take

>Avoid giving out personal information whenever possible and provide fake information

>I have received messages multiple other victims of home invasions in Western Europe over the past few months at a much higher rate than other regions.

[lebtraf @lebtraf]

@ylecun ?

[ALEX @ajtourville]

NEWS: California enacts law banning voter ID requirements

Governor Gavin Newsom signed a bill into law that bars local governments from enacting laws to require residents to show a valid form of identification in order to vote.

https://t.co/j0ZCFpNUHH

[lebtraf @lebtraf]

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[lebtraf @lebtraf]

@cz_binance Gm

[lebtraf @lebtraf]

@shophunterio GUIDE