Mudit Bothra

Let's do big things! #Web3 #Blockchain #DeFi #NFT #Developer #Wharton #Solix

[Stoxa Robinhood @stoxacoin]

The airdrop is open. Claim your $15.

https://t.co/qyraSCSVYA

24 Hours 📈

[Mudit Bothra @muditbothra22]

One of my standout #Etherscan moments was tracing a complex transaction tree back during DeFi summer — seeing exactly where funds moved, how contracts interacted, and realizing the power of on-chain transparency.

#10YearsofEtherscan @etherscan

[Mudit Bothra @muditbothra22]

@duta_crypto 0x15F0479132526271AF31675CC0c97725ab304B5b

[Mudit Bothra @muditbothra22]

In 1626, Peter Minuit made what might be the greatest real estate deal of all time—buying Manhattan Island for goods worth about $24. Today, that land is worth over $1.5 trillion! #PropyKeys @PropyKeys

[Mudit Bothra @muditbothra22]

I just closed on my address on chain in under 10 minutes with #PropyKeys —no paperwork, no waiting.

[Mudit Bothra @muditbothra22]

Just unlocked earning from bandwidth.
@solixdepin makes the internet work for me.
#solixdepin

[Solix DePIN @solixdepin]

Solix Verify Badge is live.

Prove you’re human and stay eligible.

Q3/2025 is coming.

#solixverify #solixtge

[Erik Voorhees @ErikVoorhees]

On illicit funds in crypto...

Background
The entire purpose of crypto is to build neutral, objective, transparent protocols. "Permissionless" is the phrase.

It's a belief that regardless of the ethics of the *users* of a protocol, the protocol itself should simply act under the protocol rules. That honesty, that integrity, provides immense societal value. And upon such a foundation, further layers of coordination/rulemaking can be built. Coinbase as a central exchange can make its own rules about its property and systems, *built on top* of permissionless, neutral Bitcoin and Ethereum protocols.

Questions
When crypto funds are illicit, what should happen?

Should Bitcoin nodes block illicit txs?
Should Ethereum nodes block illicit txs?
Should Uniswap contracts block illicit txs?
Should Thorchain nodes block illicit txs?

Should miners and validators be policing content?

If the answer to any of those is "yes!", then we are not designing an ecosystem of permissionless, objective, protocols, are we? We're designing something else.

If the answer to any of those is "yes!", then we're building permissioned financial services, but on a blockchain. Of what value is this to society?

And to do so, suddenly the definition of "illicit" must be defined, and it cannot be. Illicit to whom? Illicit under what standard of suspicion, or proof?

These are social and legal questions about which people will disagree. If crypto protocols are built to incorporate this social/legal layer, then they are truly useless, for they lose their entire reason for existence... objective, transparent operation.

An objective protocol must permit bad actors operating on it.

Mathematics doesn't "turn off" when a bad man solves an equation.

Language doesn't fail to execute when a bad man speaks it.

These are permissionless protocols and so too must be crypto.

To those advocating that illicit funds be blocked by protocols, please explain the standards by which such things shall be determined, and please explain why you're involved in crypto in the first place?

If a hack is $100, nobody will advocate for censorship.
If a hack is $1.5 billion, suddenly, many do.

At what dollar value shall a blockchain halt?

It's easy to vilify North Korea. What about when Western governments violate law, and confiscate without due process, digital assets from a rightful owner? This is illegal, this is illicit.

When our own government commits crimes, shall we permit their action across our protocols, yet when "bad" governments do the same, we put a stop to it?

Should a German node operator enforce Saudi law?

Should a Chinese operator enforce American law?

Should chains be halted and addresses blocked before trials and legal guilt even been established? Just the *accusation* of illicit funds is enough to violate that which we claim to build as inviolate?

I am vehemently opposed to crime; to actual crime: to fraud, to theft, to violence. I see open, transparent protocols as an antidote to crime, and as a tremendous boon to good civilization.

Laws, which are a human *social layer,* are in place to prevent and punish such crimes and the best governments should vigorously pursue actual criminals. Dear law enforcement: please pursue the criminals that stole those funds! Law enforcement is your job, and you've taxed us upon the promise of fulfilling it.

But that social, subjective layer of laws and legal enforcement, must exist above and separate from more foundational underlying strata that operate *objectively* and equally to all parties.

When the human world of right and wrong, which must always be subjective, is transposed into an otherwise objective, permissionless system, the latter will fail to be so, and there is no purpose to it. In such case, let us admit we are merely building a more complicated apparatus for subjective social policy.

Being decentralized is a gradient
Being permissioness is not

[BRAVO @itzCryptoBravo]

🚨Crypto Fear and Greed Index:

🧭 Index Value : 1️⃣6️⃣
😱 Sentiment : Extreme Fear👀
💰 $BTC Price : $80,000

#CryptoMarket #CryptoCrash

[Mudit Bothra @muditbothra22]

By turning posts into coins, Zora empowers creators with new revenue streams. However, will this model truly benefit artists, or just turn content into another speculative asset? 🤷‍♂️ #CreatorEconomy #Tokenization

[Mudit Bothra @muditbothra22]

As Citadel enters the crypto market-making sector, what changes do you expect in liquidity and trading volumes on major exchanges? 📈 #CryptoLiquidity #Exchanges

[Mudit Bothra @muditbothra22]

Citadel, known for its cautious approach, is now diving into crypto after partnering with Charles Schwab and Fidelity for EDX Markets. Is this the start of a new era for institutional crypto adoption? 🏦 #InstitutionalInvestors #EDXMarkets

[Mudit Bothra @muditbothra22]

Today the SEC pulls back on its appeal of the dealer rule. Is this a symbolic retreat—or the spark for a new era where innovation and regulation finally meet? #Crypto #DeFi #RegulationShift #SEC #Innovation

[Michael Saylor @saylor]

MicroStrategy has acquired an additional 11,931 BTC for ~$786.0M using proceeds from convertible notes & excess cash for ~$65,883 per #bitcoin. As of 6/20/24, $MSTR hodls 226,331 $BTC acquired for ~$8.33B at average price of $36,798 per bitcoin.https://t.co/jE9dGqqnON

[BRITISH HODL @BritishHodl]

I’m speechless.

Woke up to this.

Never thought #Bitcoin would be this front and centre of a US presidential election at this stage.

This is the power of network effects and distributed ownership.

~16% of Americans own #Bitcoin according to Trump.

That’s almost more than any minority vote already in 2024.

Imagine the unifying power of #Bitcoin when it’s 40% (120 Million) that own #Bitcoin in America.

If Trump can help make Republicans the party of #Bitcoin for just 2 election cycles, no one else will be able to catch up for 2 generations.

I genuinely can’t believe this is happening at this stage, had this for 2032.

Great work everyone involved.

Very positive for 🇺🇸.

When 🇬🇧?

[Nick Tomaino @NTmoney]

2024 will be the defining year for the mainstreaming of crypto. There’s been lots of noise on the timeline lately but the truth is it’s barely started.

In the coming months we’ve got:

- Bitcoin halving (largest drop in USD sell pressure ever)

- Ethereum ETF approval, institutional shilling of the triple point asset begins

- The first non-speculative onchain app surpasses 1M users

- A new regime that wants to keep crypto innovation and growth in the U.S. takes over

- Base szn

[Chainlink @chainlink]

Q2 2023 Product Update

@chainlinklabs Chief Product Officer @kelmoujahid covers the latest deployments, what's next for #Chainlink oracle services, and the power of Chainlink as the industry-standard platform for Web3 builders.

Dive in ⬇️
https://t.co/XD6DWpFJok

[Mudit Bothra @muditbothra22]

I'm excited to celebrate another year of Binance as #BinanceTurns5 - get your personalized birthday card to join in the fun too! https://t.co/6aOCciKnzn