Well well well
Solana at it again
@sofi created their own stablecoin and minted 99.97% of it on Ethereum, and Solana`s X account proclaims they picked them, when they only minted 0.026% of the total supply on Solana !
That's $100M vs $26k between Ethereum and Solana and they think they were chosen π€¦πΌ
The average token performance across some of the top RWA projects is -80.32%
This is happening whilst tokenised assets on chain is hitting new ATH if $30B. Something isn't adding up
What is it ? Token utility. This isn't an issue exclusive to RWA, but tokens in general. With project tokens, the token gives no stake or ownership over the underlying enabling company/team/protocol
It's difficult to find any meaningful direct exposure method to the growth of the RWA space. $ETH is a decent method but it's a tertiary benefactor of the growth of RWA.
Only when the purpose of the tokens change ! This is the one thing that personally turns my attention away from the RWA space
I love it, love the access it gives, love how it makes everything more efficient, but the lack of solid ways to get exposure to it's growth through a meaningful token that has utility makes me less into it
The reason why Solana has zero quantum resistance is to do with public keys. In short, for quantum computers to get into your wallet, they need to know your public key at minimum. The quantum threat comes from quantum computers being able to derive private keys from your public key.
On Solana, your wallet address IS your public key, meaning it's permanently exposed on-chain for a quantum computer to start deriving your private key immediately.
For blockchains like Ethereum or Bitcoin, the risk is slightly deferred because they use hashed addresses, so the actual public key isn't revealed until you send your first transaction, not ideal but better at least.
@IanSmith_HSA@hantengri@SAMALTCOIN_ETH I know sir ! But we are raising awareness now and slowly getting there and making him realise. There's a shift. It's slow at first but then it'll all happen at once
At least things have started moving in the right direction
Well well well
Saylor sold 32 Bitcoin worth $2.5 million.
Imagine if he was able to stake it and earn yield, then he wouldn't have to. I wonder which asset does this, it begins with E π€π€