Yes. Here’s why: 1) btc leans younger, gold older 2) it will get used more by big money as it matures and settles down w both vol and corr 3) way more enthusiasm and sales firepower. no one is out there talking about gold ETFs but you got dozens of wholesalers (fluent in both crypto and boomer) out there educating on btc ETFs.
Since many people are learning about effective altruism, it's worth learning about Mozi, the ancient Chinese philosopher who was surprisingly close to being a proto-effective-altruist (particularly the global-health-focused variety, not the AI-risk-focused variety).
He valued the twin goals of (i) universal love, loving everyone and not just yourself and people similar or close to you, and (ii) being efficient about how you use your limited resources to most effectively help people.
https://t.co/eYLH7Inzl9
The six orgs Macklemore will be donating his $1 million earnings to:
— PCRF (Palestine Children’s Relief Fund)
— Anera (American Near East Refugee Aid)
— HEAL Palestine (Health, Education, Aid and Leadership)
— MAP (Medical Aid for Palestinians)
— Gaza Soup Kitchen
— UNRWA USA
Thank you, @macklemore 💙
Today Macklemore announced he's donating the entire $1 million of his net earnings from Ed Sheeran's Loop Tour to six organizations supporting the Palestinian people, including PCRF.
This gift will help us bring lifesaving medical care to injured and critically ill children in Gaza and across Palestine, at a moment when that lifeline has never been more urgent.
From all of us at PCRF, and from every child we serve: thank you.
To those responsible for the theft of bitcoin from the Liquid Network:
Blockstream will not pay a ransom for the return of stolen funds. Taking assets without authorization and withholding their return is a crime, not responsible disclosure. It is not white-hat activity. It is theft.
We have engaged in good faith in an effort to secure the return of stolen user funds and protect the broader Bitcoin community. That effort should not be mistaken for acceptance of the actions taken nor of the terms being demanded.
We will not be a party to the precedent that open-source software developed for the good of the Bitcoin community should subject its developers to paying a ransom that far exceeds their economic participation.
Bitcoin is hard money and can’t be minted without costs, Bitcoin doesn’t haircut users to pay a ransom.
To the Bitcoin community:
We are fighting for what we believe in, for the users whose funds were taken, and for the principles on which Bitcoin was built.
The community has demonstrated incredible resolve with teams of people dedicating their time in support of each other to identify and patch vulnerabilities in each other's products and systems. We are all driven by the mission that Bitcoin is the single best asset, for every person, company, and institution on the planet to invest, use, and build on. The world is a different place with the advancements of AI, and the Bitcoin community has responded with force to combat that threat.
Damage has been done, battles have been lost, but on the whole the Bitcoin community is gaining ground in the war with bad actors.
We want to thank the community for those efforts, for your support in hardening the network, helping users recover funds, and for your support in our assertion that crime does not deserve rewards.
To those holding the stolen bitcoin:
There is still an opportunity to resolve this responsibly. The bitcoin can be returned and we can revert to the standard of white-hat principals.
However, if the funds are not returned, we will pursue every lawful avenue available to us. We will work with law enforcement, exchanges, service providers, forensic specialists, and other relevant parties to trace and recover the assets and identify those responsible.
More importantly, Bitcoin is transparent by design and the community is made up of the most sophisticated engineers, cryptographers, and white-hat hackers globally. Transactions do not disappear, and neither does the evidence they leave behind.
We will not pay for the return of stolen property. We will not abandon our users. The Bitcoin community will not stop pursuing the funds.
Return the bitcoin.
Tether CEO Paolo Ardoino says Tether's stablecoin tech made US treasuries safer than TradFi ever could
"The ownership of U.S. treasuries from an antagonistic country is not a great thing for the United States, because you have a single decision maker that can press a button and sell hundreds of billions of dollars of U.S. treasuries from one day to another. That is something that, in my opinion, is very scary."
"What Tether created, when it comes to stablecoins and stablecoin technology, is the first time that U.S. treasuries became decentralized owned. We created the decentralized ownership of the U.S. debt, with 650 million people that today basically are holding some U.S. treasuries, and they will not wake up all together one single morning and decide to sell that debt."
"Throughout all these decades of quote-unquote financial innovation by the classic guys in traditional finance, they never could come up with this solution that actually makes the U.S. debt safer for the United States itself as an issuer."
BREAKING: Bitcoin may already be quantum-safe
According to peer reviewed new research by Oxford Physicist Tim Palmer, there likely exists a fundamental ceiling of roughly 400 coherently entangled qubits.
The latest estimates require at least 835 logical qubits to break Bitcoin’s signatures with Shor’s algorithm.
References in comments.
Elon Musk and Steve Jurvetson have commented positively on this research.
I’m moving my funds off Robinhood and looking for a new exchange
Was on Coinbase since 2020 but felt Robinhood was a better fit last year
Then the CASHCAT trade and listing insider crime has hurt me beyond the point of reparation
If you’re a crypto exchange, my DMs are open
Robinhood insider of sorts [BD, employee, exec] longed 100k+ of $CASHCAT on a wallet last night.
This morning, 3 mins before $CASHCAT listing API detection on Robinhood, blasts another $50k long on another wallet.
@vladtenev pay your employees.
I believe we will get a vote on the Clarity Act before August recess and get people on the record after 11 months of negotiating with Democrats and adding 300+ pages to the bill at their request.
It's just time to get people on the record.
When I say “Never Sell Your Bitcoin,” I speak as one saver to another. I have never sold mine. Not one satoshi. Strategy is a public company, not my wallet. Since 2020, it has disclosed it may buy or sell $BTC to manage capital. Our shared conviction in Bitcoin remains unchanged.
The Cold Card security break was because the coder, working in python, disabled the built-in random number generator thinking it wasn’t needed because they were redirecting to a different random number generator, not realizing that the device itself, written in C, which the coder apparently didn’t understand, called in the disabled built-in random number generator.
And evidently they innovated in their code purely to change it from the open-source when a competitor came out using their open-source.
The level of total carelessness and total lack of due diligence driven by utter pettiness here is baffling.
I have bought two Cold Cards but thankfully never used them. Will never touch the company again.
The CLARITY Act could establish the first comprehensive regulatory framework for crypto market structure in the United States. So why has it taken Congress so long to pass it?
@milesjennings, Head of Policy and General Counsel at a16z crypto, joined @MTSlive to explain what the bill would do, why existing securities laws are poorly suited to decentralized networks, and how the legislation would divide oversight between the SEC and CFTC.
0:00 Intro: Why hasn’t the CLARITY Act passed?
01:02 What the CLARITY Act would do
02:52 Why legislation has taken so long
03:59 Networks versus companies
05:39 How digital assets are classified
05:51 How the GENIUS Act regulates stablecoins
06:44 What is a network token?
07:23 Digital commodities versus securities
08:20 The four major digital-asset categories
09:20 Who is liable in decentralized finance?
10:45 Why oversight is split between the SEC and CFTC
12:25 Protecting consumers without requiring control
13:14 Will the CLARITY Act pass?
After a comprehensive review, Aave is deprecating 50 low adoption asset reserves across multiple deployments.
In addition, Aave is orderly winding down deployments on Sonic, Scroll, zkSync, Metis, Soneium, and Aptos, covering another 25 asset reserves.
As part of this process, 21 matured Pendle PTs are also being deprecated in favour of new maturities.
In total, the changes affect $98.1M in supply and $15.6M in debt.
These measures reduce Aave's economic and technical risk surface as part of the new Aave Risk Framework and Technical Asset Listing Framework.
Aave will continue applying continuous risk assessment for all assets across all deployments.