The only reason for crypto to exist is to rebuild institutions natively on the internet.
Our failure to do so is the only reason people legitimately don’t care.
Better trading systems & more revenue does not dig us out of that hole.
Courage to solve the big problems, May.
Uncollateralized lending in crypto is either:
1. A revolution in credit primitives
2. A fancy word for exit liquidity
The difference? Real identity infrastructure
Without it, you're just hoping humans behave onchain like they do IRL
Spoiler: they don't
Fragmentation of chains is great for interoperability protocols.
Now that Tether, Circle, & Stripe are all building different payment L1s, it is increasingly unlikely that we will have one globally-dominant payment L1.
As a result, interoperability between payment chains becomes necessary.
- Interoperable addresses of the form "address@chain" (e.g. ERC7930) will become the (de facto) standard
- Native interop supported by chains or asset issuers and externally-supported interop, like intent or solver-based bridges, will continue to improve.
A chain will then resemble a bank or mail server more than a vertically-integrated walled garden like web2 social & e-commerce platforms.
It's unfortunate, but also highlights why DeFi and zero-knowledge proofs is the future. Users shouldn't have to hand over their data to transact, only share proofs when necessary. As an industry, we're not there yet, but that's the north star.
Just revealed: FinCEN explicitly told prosecutors Samourai Wallet wasn't a money transmitter due to its non-custodial design; DOJ prosecuted developers anyway, suppressing exculpatory evidence for a year.
1 The things you don’t know you don’t know are mostly more important and more impactful than the things already know, this is especially true in crypto space.
@paulsnx2 on Ep. 1 of @CredNeutralPod, a CryptBit Magazine prod., with @lesaisne, discusses evolving Factom into @accumulatehq for better data encapsulation & security.
https://t.co/KQIMIfqJO3
Highlights: AI integration, account abstraction, URL-based architecture. Predicts multi-chain future with Bitcoin as value system.
https://t.co/46nqDD8t7C
Beginning production on a new program.
Many thanks to Paul Snow for taking time to share his extensive experience and perspective as a perennial builder.
Bitcoin is currently being used for non financial transactions to a massive degree
49% the UTXO set is sub 1000 sat outputs
43% of transactions in the past 2 weeks had an OP_RETURN or were inscriptions
Don't shoot the messenger
If the point to asset tokenization is liquidity, why can asset tokens only exist on a single marketplace at a time?!! Accumulate has the solution to this problem.
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Effortless Control: Securely wrap tokens from any blockchain.
Delegated Authority: Hand over control when needed without compromising security.
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Accumulate makes managing crypto custody simpler, smarter, and safer—so businesses can focus on what really matters.
Visit our website:
https://t.co/9WCWH2HiD3
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Imagine the questions asked at this incubation session. 😂
Jokes aside, many thanks to @CryptoHayes for coming, and investing in the industry together. 🙏🔥