Light | Space | Wonder

Fine art photography NFTs on the WAX blockchain. Landscapes, Architecture, Animals, Abstracts.

[Light | Space | Wonder @lightspcwonder]

One thing I've learned from participating in crypto: any time you put people in a voting situation, they will pick a side, believe in it as hard as they can, and invent slanders against the opposition. The underlying issue doesn't matter.

[Light | Space | Wonder @lightspcwonder]

One underplayed aspect of Gensler's #crypto #sec comments today: if all crypto tokens pass the Howey test to be securities, then the things people buy them with must be money.

The vast majority of crypto tokens are purchased with other crypto tokens.

[Light | Space | Wonder @lightspcwonder]

We need more DEXes with something unique and valuable to offer. Having a bunch of rebranded copies of Uniswap's contracts isn't really helpful to anyone.

[Light | Space | Wonder @lightspcwonder]

So the CFTC is accusing Binance of hurting consumers but their main complaint is that Binance was instructing users on how to voluntarily use their platform when the CFTC wanted them not to.

Sounds like Binance is protecting users against the CFTC to me.

[Light | Space | Wonder @lightspcwonder]

It's weird because some percentage of the time I can really see what the SEC is on about, and some percentage they're just clearly unaware of things. Staking is both.

Exchanges staking customer funds for rewards is legitimately worrisome. But don't punish users for it.

[Light | Space | Wonder @lightspcwonder]

@cz_binance Lots of people buy into the idea that CZ is a supervillain. But nobody thinks he's sloppy.

Legitimate threats to Binance are going to have to be bigger and more complicated.

[Light | Space | Wonder @lightspcwonder]

This is a good thread, but in addition to it, something I'd like to add: from everything we know about @cz_binance, is it reasonable to presume that he would have built a corporate structure that is vulnerable to this sort of simplistic and predictable attack? Of course it isn't.

[B (Da Viking) @100bviking]

In Conclusion

As you can see from the facts in this thread, attempts to FUD Binance are misinformed, show a clear lack of understanding, or are intentionally aimed at stirring panic and hate of Binance based on unfounded claims. They are attacks against crypto, plain and simple!

[Light | Space | Wonder @lightspcwonder]

@cz_binance Zhao is flat-out better at this game than Bankman-Fried, and I don't think that's somehow news that only was revealed by the collapse of FTX. Bankman-Fried was always flying by the seat of his pants. Zhao understands structure and resilience.

[Light | Space | Wonder @lightspcwonder]

Although it's been said, many times, many ways: not your keys, not your crypto.

[Light | Space | Wonder @lightspcwonder]

@markgritter Me too.

[Light | Space | Wonder @lightspcwonder]

@Puppetbet They should be open.

[Light | Space | Wonder @lightspcwonder]

@Bigfoottoken @blockmine_io Nothing for FOOT holders? Feels like we're kind of being ignored out here.

[Light | Space | Wonder @lightspcwonder]

@EthLucius @Bigfoottoken @WIZARD_BSC Good, we need more FOOT traffic. It's been pretty low this week with the NFT focus.

[Light | Space | Wonder @lightspcwonder]

Introducing the Lutheran blockchain:
- 95 Theses will be created every block
- Passive-aggressive governance model
- 2-year confirmation time
- Will launch with 907 forks already in existence.

[Light | Space | Wonder @lightspcwonder]

If half of your Discord discourse is telling people they should ask their questions on Telegram instead, you should probably stop having a Discord.

[Light | Space | Wonder @lightspcwonder]

@CryptoStache On a basic level, because requiring you to pay fees in USD means that people need to acquire USD, which gives it value.

It would be interesting to see if stopping taxes now would work, given that people have a lot of other motivation not to stop using USD. Risky though.

[Light | Space | Wonder @lightspcwonder]

@CryptoStache Well, among other things, they've admitted in Federal court that they're not an NFT game and yet are still advertising it as such. See #42 here: https://t.co/DxB0Q18e7s

I didn't report them but I can't really blame anyone for doing it.

[Light | Space | Wonder @lightspcwonder]

The vast majority of blockchain work involves no mining at all. I've never mined a coin, and don't expect to ever mine a coin. My crypto business used considerably less electricity than my art photography business.

Busywork mining is stupid but also a small part of things.

[Light | Space | Wonder @lightspcwonder]

The lessons we're learning from things like provable fairness can be applied to other things like giving Black people confidence that the vaccines they're getting are the same formulation as the ones going to their White peers.

[Light | Space | Wonder @lightspcwonder]

One thing crypto has been really useful for is getting designers and engineers thinking about how to do things in less-trust-dependent fashions.

There's nothing about provably fair gambling that requires a blockchain, but blockchain got people doing it.

[Light | Space | Wonder @lightspcwonder]

There's this annoying tendency in the US to portray crypto as only beneficial to entitled white dudes. But communities that have been taken advantage of in the past are the ones who need trustless design the most.