"Bitcoin" projected on the Seat of the ECB in Frankfurt. Another memorable moment in monetary history. Will be avoided by TV news in Europe. Still happened. 🦇
Don't be naive.
If a powerful government demands that @SergeyNazarov delegates Chainlink admin power to it, and if such a power handover would result in him gaining wealth and/or power, then he will absolutely do it.
Incentives matter.
Actions matter.
Words do not matter.
We can potentially use Splicing to bootstrap the entire Lightning Network into one giant decentralized coinjoin liquidity pool.
This could allow for a huge increase in the entire anonymity set of Bitcoin.
Co-founder of Arbitrum says I should not be suggesting that "12 public, highly reputable Ethereum community members" are corruptible.
The fact that he can't even *acknowledge* this massive weakness is a total failure in adversarial thinking.
Worse than I thought tbh.
How can AT1 bonds be zero'd when they're more senior than equity which is getting paid 2bn, you ask?
Because bondholders agreed they could be.
Here's the section in the $CS 9.75% AT1 prospectus (don't worry if you weren't aware, half the holders prob haven't read this either):
I subscribe to an OF girl with <1k likes and use her face and SFW photos as my own Crypto Twitter persona. At first I did it as a joke, but I noticed how many guys want to send me money, giftcards for nothing in return, just attention. Now it has become a fulltime thing for me.
⚡️ Ladies & gents, we need to act with urgency. #Bitcoin & #lightning is about to be tested on a global scale by 100s of millions for both store of value and for transactions. We need to offer help to our friends & family to learn to use these technologies safely & confidently.
BREAKING‼️ Fidelity has opened its #Bitcoin trading platform to millions of retail customers, COMMISSION FREE! - The Block 😳
Fidelity has 37 million retail accounts! 🚀
In fact, it can be argued that no going concern bank has the capital available to handle a full blown instantaneous bank run, thats just not how bank business models work. You can argue the merits of this but at the end of the day, this is how the system is set up.
Yesterday a Trader Bought $SIVB March 200 Puts for .25 Per Contract
They Spent $7,500 on the Position
Silicon Valley Bank is Down -60% Today
Position is now worth $2.1 Million